Some investors thrive in these situations, while others prefer clearer paths to ROI.Before proceeding, consult with a real estate attorney and conduct a title search to uncover any surprises.

Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.

Where do you live and how far would you want to travel to manage the property? 

We see many travel or remote workers looking for flexibility with their stays, such as healthcare workers. 

Not practicing law in your state though, so you need to consult a qualified lawyer in your jurisdiction to see what to do

Do you want to have airbnbs all over the country and travel between each of them and living an adventurous life?

It’s crucial to consult your lender, document everything, and seek advice from a real estate attorney or CPA to align with your long-term goals.Good luck!

That said, we have traveled a lot and stayed in wonderful Airbnbs over the years and have always dreamed of creating an incredible experience for someone visiting Minnesota with a short-term rental as well, so we are definitely open to that idea and have some great experience as to what we know would provide an exceptional short-term rental experience. 

Whether an individual consultant or a mentor through a program, mentors provide the foresight and support you eventually need because of their experience.

He determined the price and terms for the property, and according to the agents involved, he consulted with accountants and attorneys before signing the contract.