Define who you want to serve, and then determine which market offers you the best chance to provide the housing they need.

If they have their own maintenance person be sure to define what maintenance they will be doing and what you will be responsible for.

I would absolutely collect that from them if they were properly notifiedCan you define what you mean by notice?

I was offered LTV of 54%, 6% rate from a commercial lending institution but that LTV isn't feasible for me and was definately a lower LTV than I expected.

Define what you know to do, cause right now I am not buying that. 

I think defining and compensating costs like these helps avoid resentment that can happen when a party has to do otherwise unpaid work or otherwise feels the workloads are unbalanced. 

If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

The tax code may never define "Airbnb" but there are rules surrounding these type of activities which I will give an brief overview below. 1) My STR goes on Schedule C:  It depends.

Usually DST's are designed for 5-7 year cycle, with maximum of 10 years because of the underlying financing for project being 10 year term.Not having clearly defined time lines and being at the mercy of the offering management and their exit strategy, is one of the biggest negatives of this type of investment, in my opinion.Some have shorter cycles, and you don't have to position all $400k in one, you can spread the money over 4 different offerings and they ideally will have staggered maturity dates...or you may want it all in one if you plan to 1031 out of the DST back into real property.

This defined rental income as passive income and no longer allowed rental property losses to offset active income.