If you’re paying for their lodging during the construction they definitely have to be paying rent.

Made me look up Yokum's motor lodge.  18 & mr.

Has anyone had any experience renovating an old motel/motor lodge and operating it?

hi @Dave Madoch, I have had similar thoughts with beach houses and snow lodges.

Taxable Pay Rate:$39.00/hr x 36hr$1,404.00Non-Taxable Lodging Stipend:$19.06/hr x 36hr$685.99Non Taxable M&IE Stipend:$10.26/hr x 36hr$369.38Gross Weekly Compensation:$68.32/hr x 36hr$2,459.37Estimated Take Home$2,192.61/wk

But as LP let's say I found an industrial-focused syndication in Boise, Idaho, or a lodging syndication in Sedona that yields me a 7% cap rate,   or a self-storage building syndication in MN for 8% cap rate.

If property owners do not agree with the property appraisal value or find that their home has been overvalued, they can lodge a formal protest with the appraisal review board to have the property re-evaluated.Reason Number Three – These Taxes are Set at a Local Government LevelThe State of Texas doesn’t determine what your property tax bill will be, as this is set by your local authorities.

Sky lodge rentals don't do as well during low-snow seasons in the Berkshires.

@Mohamad Khan:From what I read it was lodging tax, tourist tax, and some other nonsense.Here's an article I found on the subject.

So far they are communicating very well with me and have forwarded me a ton of resources, including vetted cleaning and maintenance teams, lodging tax firm, tips and tricks and even stats on other areas they support STRs.