Like any investment, due diligence on the market, asset, financing, and sponsor is critical, and working with an advisor to vet these options is worthwhile.I’ve recently helped several investors transition into 721 UpREITs as a gradual tax-deferred exit from direct ownership.

No one knows the direction of rates.

You're cashing out a net $6 million directly from investors that trust you with their savings.https://41098383.hs-sites.com/share/hubspotvideo/18605256691...https://www.wallstreetoasis.com/forum/real-estate/rise48-pos...I believe this is the second attempt to raise preferred equity as well.

And I always check the actual price the guest pays- because I haven't yet build direct booking (it's on my list) and the final cost (on VRBO and Airbnb) usually makes me re-think things with a larger perspective.

And I suppose the likelihood of us getting more STRs in the area is directly tied to how good/bad our experience with this one is!  

@David PopeYou probably inherited a 5.6% interest in a partnership which owns the property, as opposed to having a direct 5.6% ownership of the property.

With direct mail, you would get a list from somewhere like Prop Stream or List Source.

Another amazing option is using creative financing directly with the owner. 

We understand that you did not invest in a property through our platform, so it appears that much of the concerns comes from the individual you were speaking with directly. 

I know I didn't give you a direct answer to your question but the reality is that we're just at the tip of the iceberg.