We've used Reg D 506(b) for our syndications and ONLY communicate with investors that have a prior relationship with us.There are two illegal activities that I see all the time. 

Sellers are notorious for not communicating any changes in their unit counts to avoid paying taxes.  

For the next 10 months (40 weeks) you spend a fairly reasonable 5 hours a week marketing, communicating with guests and your property manager and bookkeeping.

Transparency, regular communication, and clear milestones have been critical to making this successful.For those of you who are considering working with private lenders or want to improve your deal structure, I hope this gives you some food for thought.

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

I now also offer limited service where I do the guest communications, marketing, and pricing. 

The National Association of Realtors.That said, I will not be signing an Exclusive Right to Represent as an established real estate investor, and I’m honestly a little annoyed to be asked.I also realize this may qualify for Reddit’s AITAH channel.

There were a few hiccups which were resolved quickly and communication has been good overall. 

Neal and Dave also communicated that Neal is hard at work on a key part of the project, which will take several months to complete.Anyone on this thread should note that Harish Varma is not credible.

Have never received a distribution and It’s extremely difficult to get communication and financials.