. , I personally am not invested into STR's, but would like to pick your brain on the ones that were grandfathered in.

I hope it picks up but be cautious in that area.

There are 7 tests to determine if you materially participate (only need to meet one) the most commonly used tests are:1.

I will message you and we can pick a time.  

You can't easily determine whom has paid and who hasn't.  

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

You have to follow the interest tracing rules to determine the deductibility of interest.

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.

Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

Pick the lender you want to scale with.