Let's say, 10% on average. 25% x (1-.1)= 22.5% average STR fee.Average those two, and you get a little less than 18%, so 15% seems like a "fair" fee

I can see doing this for kids or close relatives but strangers.. dont think so.. to me its just another one of those totally grey areas  that maybe legal but ethics come into play.. artificially raising someones credit ?? 

Obviously the laws in different places may vary but I suspect that is how it would play out in most places. 

Hey @Joseph Campbell I have extensive knowledge of the Daytona Beach market as well as the Brevard County market that @James Stansberry mentioned.First, I would echo that Daytona Beach is in a fairly bad place at the moment, especially if you're referring to beachside.

I would apply because FEMA disaster assistance can help with uncovered expenses, and we all know how insurance companies play games!

I would just point out that when you get involved with syndications as a LP, you are basically handing over your money and crossing your fingers that the guys you are hooking up with are honest, fair, and will take care of you well.  

How are we seeing this rule change play out in practice?

Other than that it was fairly simple and hassle free.

Strategic marketing efforts also played a key role in presenting the property to potential buyers, leading to a same-day sale at $216,000.

(Example: investing for long-term capital growth for your kids education in 15 years, you have $200K to play with, you want to be an active investor in a market within 3 hours of you).