@Maxwell Robertson You're most certainly on the correct path.

You need a correct short term rental policy.

FNMA does have limited allowances if the LLC is whole owned by the borrower. https://servicing-guide.fanniemae.com/svc/d1-4.1-02/allowabl...There's really only three reasons to put your SFR properties under an LLC:1) A DSCR lender requires it: just setup the LLC correctly.2) Anonymity: In Michigan, you can create an LLC with a Registered Agent and use their address to hide your ownership. - Have seen many investors create their own LLC and use their name & address:(- Only works if you put a property in LLC when you purchase.

However, I’m new to navigating such a situation, and I’m looking for guidance on:Collaborating with neighboring property owners to reduce costs and share resources.Structuring deals involving land contributions and joint development efforts.Attracting capital partners for projects like this.I think this could turn into a win-win for everyone involved, but I want to ensure it’s planned and structured correctly.

Any insights on correct pricing and any other advice would be greatly appreciated!!! 

Yes, depends on your goals.But, as in any deal, you make your money when you BUY (correctly).

Hi Daniel,You’re absolutely correct.

@Kim Huynh - you are 100% correct.  

When I was younger I sold a condo with a lease option, but didn’t do it correctly; I had to evict and foreclose.  

Quote from @TJ Dittmar: @Jaycee Greene correct that is right in line with what I'm looking into.