I know the founders personally, and the ability to call or e-mail when I have an issue and get a quick, personal response makes it worth every penny.

Quote from @Scott E.: Quote from @Carlos Ptriawan: totally agree, key point is don't lose money by not having complete understanding of future risk.we're in the great collapse of CRE market and LP is destroyed because the passive investor is the dumb money, time is important but not to lose money is incredibly even more important , the total collapse in many commercial real estate sector is way beyond 2008 as it seems.Carlos, where are you seeing that "we're in the great collapse of the CRE market" ?

Closing tomorrow on a duplex e 128th, nobody knows about.

Quote from @Randall E Collins: This post is directed toward professionals who know real estate in and out.

Here is the rule from the IRS regarding length of stay for short term rentals:As defined by Treasury Regulation Sec. 1.469-1T(e)(3)(ii)(A)The average period of customer use is 7 days or lessThe average period of customer use is 30 days or less.

https://www.eventbrite.com/e/reafco-quarterly-networking-eve...

Point Breeze,..) from Passyunk Sq/E.

:)4935 E 109th St, Garfield Heights, OH 44125

Prior to this, Matt and I were senior leadersof Profound Commerce, an e-commerce aggregator founded by Matt in 2018.

The reason the 1% ownership is being suggested, is that this would change the tax treatment from being reported on schedule E as a disregarded entity, to being reported on Form 1065 as rental income reported from form 8825, and then this would passthrough to the individual taxpayer on form k-1.