I used to live in Tokyo for 6 years and would like to find a reason to go back more regularly but let me know if you want to connect!

If you're looking to treat this as a regular rental, then charging undermarket rent throws a monkey wrench in that. 

It’s not just awkward—it can jeopardize trust, relationships, and, ultimately, the deal itself.Here’s how we ensure success:1️⃣ Weekly Syncs: Regular team check-ins to align on progress and updates.2️⃣ Shared Systems: Use tools like Slack or Asana for real-time collaboration.3️⃣ Transparency is Key: If you don’t know, say so.

Other than a few regular maintenance and wear & tear, we have had minimal expenses.

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.

Share what you are looking for and the deals you are working on with your network in person and on social media regularly.2.

I'm going to be checking my BP more regularly.

If they try switching you to a regular PM structure or you're considering them for PM, run for the hills. 

Just curious, is there any tax benefit to filing as a regular partnership and issuing k-1s to ourselves that show a loss?

They are very likely to respond, but keep in mind you can't get dollars from a turnip.My experience is wear and damage are higher with some S8 tenants and not at all with others, just like regular tenants.