So probably no acquisitions yet.There's typically a 12 to 18 month overlap between continued fundraising and investing funds so fund 3 very well may have some active investments.

My biggest advice when designing a vacation rental is to truly know the daily activities, habits, and needs of your target guests.

I keep coming across posters asking for advice on how to “scale” their investment or business activities.  

The only development left for this part of the project is to add a new 12-story sewer interceptor to the tunnel, with completion set for 2025, at which point the plans for a new mixed-use community can go forward at the Robinson Terminal long abandoned warehouse, where the infrastructure connecting the tunnel to the river has been taking place.There is no doubt that the Potomac River turning swimmable and fishable, along with the already spectacular views, that properties and activities along the waterfront will become much more attractive to locals and tourists.

As someone actively investing in STRs and looking to scale, this raises some concerns for me about the long-term viability of this strategy.I understand the tension between hotels and STRs, especially in popular tourist destinations, but I’m curious:How real is this threat?

Understand you have great equity position but it is expensive, but more importantly  takes a lot of time and very distracting from other money making activities to foreclose.

Those agents have their ego at the expense of the relationship, and there are such agents actively participating in this thread.

It is not uncommon for syndicators to list properties they were passive LP investors in, and for sure to list properties they were/are also a part of GP, with limited/minimal active management roles.

While I’ve completed six transactions, I now primarily use my license for referrals rather than active practice.

Former Marine that started investing while he was still on active duty.