The thing is, once you’ve proven you can deliver on a promise..whether that’s a strong return, a well-managed property, or even just a handshake that means something..people don’t forget it.You’ve hit on a crucial point: great returns aren’t just numbers on a sheet; they’re invitations.

I recognize it is a tough RE market with many challenges.  

He felt spending more time disputing the rejection was not cost effective and i see his point but suspect airbnb recognizes this and uses it to their advantage.  

Fortunately, even though I'm a newbie still in setup mode (working through renovations on a value added property) I'm already starting to recognize the right answers before reading the responses, thanks in big part to many of you.

If the improvements were recognized as taxable property before, you might be able to keep the property taxes and depreciation setup.

If syndicator is building reserves for the first year of ownership, for instance, and not paying distributions, AND recognizes rental profit, you will have a larger tax bill that year, since you "made money" in the IRS's eyes, even though you did not receive any cashflow from your syndicator.On a more general note, a preferred return does not mean you will get that amount of cash flow each year.  

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Which this new business out of Tennessee I am looking at either LLC or C Corp (S Corp is not recognized at a state level here).

He'll lend in markets where there's a network set-up that has proven to move investors through. 

First, we started the firm in 2020 and have definitely ran into our rough patches as a fast growing company (we were recognized by Inc. 5,000 in 2024 as #105).