It can get pretty complex versus long term rentals - I'd highly suggest using tools like AirDNA that has pretty sophisticated data and projections on STRS in every market before pulling the trigger

It’s a fairly sophisticated operation, with an unusually long time lag between first identifying the unclaimed funds, tracking the beneficiaries, obtaining a contract from said beneficiaries, gathering all the documents needed for “proof”, dealing with numerous government agencies, and finally hopefully having your client receive the funds and you getting paid.

Additionally, using management tools such as Gusto for payroll and benefits, Trello or Asana for task management, and Evernote or Notion for document organization can enhance efficiency.

We are a small business struggling in today economy and we needed money to make sure we can make pay roll.

I would like to work with more private money lenders because the costs can be a little lower, when there is not as much overhead involved, such as their office space, HR person or department, payroll processing, etc.

I would add that there may be (4) also, failure of investment strategy.some of these can be interlocked, for example if a investment fails due to its high risk nature, and the investment sponsor did not inform the investors of the risk, then some aspect of (5) would exist; if not fraud certainly misrepresentation.another example would be if the investment sponsor relates a history of experience, knowledge and success to entice you to invest, but for a large part his experience, knowledge and success are in reality not what he has stated, then we again arrive at (5) misrepresentation.Please understand that its easy and common for even very sophisticated investors to make bad investment, and even very sophisticated investors to get fooled and seduced by con artists.also please understand that with only a limited number of exceptions, the real estate guru industry is full of gurus who are not investment experts, they are in fact more likely to be marketing/sales experts, or front men for these marketing/sales organizations.  

Payroll Taxes?

She should.Then you could 1099 her and not worry about payroll taxes - for agent-type services.For the maintenance work she does, also 1099 her by having her bid each job separately.Of course, speak to your tax professional about all this first, to make sure this would all meet IRS self-employment requirements.

There are obviously a lot more factors that go into it - real estate is always going to be a mix of the tangible property/market itself with a mix with the investor/operator including experience, risk appetite, financial situation etc.I would say however if you are just getting started in real estate - LTRs are probably (in a vacuum) the better bet as STRs are certainly more sophisticated and challenging from an investor perspective

I’ve been able to mostly retire from the W-2, I’m still on the payroll there in a limited part time capacity.