While there are some very real educators out there, there are a lot more people pedaling education as lead generator for the educators own business ventures.

It also sounds like this is a newer venture for you so unless you have a key partner with experience banks will also factor that into their loans. 

Quote from @Debra Webb: I’m reaching out for some guidance on securing funding for my next real estate venture I don't have any capital to start with.

Best of luck with your venture!

Not sure if you have landlord experience, so Forget the rental idea.California is a high risk venture for any landlord.

I had let my guard down and given a tenant the benefit of the doubt (a tenant who is (now was) a CEO and raised millions of dollars for a newsworthy venture).

That’s when I realized out-of-state investing could be the best path forward, especially given our flexibility with remote work and plans to travel.Venturing into Airbnb ArbitrageSince I wasn’t quite ready to buy, I ventured into the Airbnb arbitrage space and purchased a master class to learn the ropes.

if it is in that bad of shape I would venture to say at best insurance would prorate. 

If you are all going to be active in the business, then you can probably structure as a joint venture.

However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.