The property is a 3 bedroom, 2 bath (one of the rooms is the master with its bathroom and access to go outside), with a separate garage and an unfinished garage unit.

Challenge: It's in a neighborhood (no HOA), and renting the entire property (sleeps 25 in total) caused problems in the neighborhood, due to noise and parties – so we only rent the separate cabins now.

Generalists tend to get erratic sales here and there.Residential working with home owners is more of an emotional component versus investors is more about the numbers.

For example, my cleaner and handyman at my STR have separate cards so the only thing that ever gets charged to that card is that expense.

I separated from the military in 2021 with full disability benefits, a transition that fundamentally changed my outlook on life.

We choose to do full clarity, separating them so clients know exactly what is for what, nothing hidden.     

Experts say it can be risky for an investment fund to operate this way, since it may require ever more participants to be brought on board, rather than making money from its business.More than 60% of RAD’s operating expenses in 2020, the most recent period for which the company has released audited financial information, consisted of asset-management fees and other payments to a separate company owned by Mendenhall and other RAD executives called RAD Management LLC, according to an analysis of the financial data.Those fees and payments amounted to more than $730,000 that year, RAD said.ADVERTISEMENT“We have limited operating capital, few significant assets and limited revenue from operations,” RAD wrote in the January document, which sought to raise up to about $58 million in new funds, for a total of $75 million of company shares.

We wrote into our purchase agreement that a separate septic agreement needed to be drawn up and attached to the recorded deed for all future owners which protected us and the other home owner,  and will make it easier to sell in the future with that in place. 

Like Jake Baker suggested, keep good records and have a dedicated bank account for your property, properly separating personal and business expenses.

If you go to sell the business, but want to keep the land and lease it to the business, I would then separate them at that time.