Many investors choose a profit-sharing model for true equity partners, often splitting profits 50/50 or based on the level of their contribution to the deal, but ensure everything is clearly defined in writing to avoid misunderstanding/miscommunication. 

Nowadays there are a lot more strategies available to a lot more people, and that has changed the avatars of who is investing in real estate.Not every investor is defining "success" in the same way.

I know this my be a tangent for this thread, but I didn't know there were questions about Zook's character. 

Specifically for taxes, its pretty straight forward with Baselane because you can tag all of your transactions with the pre defined categories for a Schedule E (the tax form you submit for rental property).

Enter the STR:Short term rentals are defined by the IRS as properties with an average stay is less than 7 days.

If it is smaller family-owned business, see if it makes sense to offer a Defined Benefit Plan.

My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.

However, what I admire is their character.  

This building was built and 1924 and has a lot of old character.

•Clear Definition of Squatting: The new law defines squatting clearly, distinguishing between illegal occupation and tenant-landlord disputes.