I am an ambitious retired network engineer who started that career after closing down my first business which was in the automobile industry، sooner later I developed an interest in investing in my property and other ones by using Airbnb. it was a really funny story to begin but you know that after one year I would be managing 33 luxury apartments distributed across one of the fastest growing communities in my country.

No distributions.

DM me with your email if you would like to be added to their distribution list.

Now this one will be super hard to distribute, so I'd probably keep it under one unit, the biggest one.

Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?

Which has now stopped investor distributions?

I also would consider the opportunity cost - could you invest that cash in a different investment at a higher yield than 7% - say an income fund, a note partial, or something similar, and then use the distributions from that investment to make principal payments on the mortgage?

If you aren't looking to invest that kind of time, then perhaps you can still benefit with the leveraged returns you receive through real estate investment as a passive investor that can be tax advantaged, but the related losses won't be able to offset W-2 / Pension / Retirement Distribution / Roth Conversions / Etc.Another consideration - do your kids have an interest in real estate? 

Amazon is currently building a 45,000 SQFT “last mile” distribution center.Smaller projects happening in the area:A new public park and boat launch is being constructed in MalagaThe YMCA is moving to the old PUD building and putting in a $25,000,000 state-of-the-art facility.$2,000,000 is going to improvements to the riverfront park adding playgrounds and splash pads.Since 2022 a feasibility study has been going on for a regional sports complex boasting 16 soccer/football fields, 8 baseball diamonds, 50 meter indoor pool, gym, track, and waterpark.There are several more project revamping old warehouse building turning them into trendy new dining and retail spaces.

Some big ones that you guys can talk about before getting lawyers/CPAs involved to see if you are in agreement are things like identifying key decision rights and determine who has those if there is a disagreement (leasing decisions, refinancing, sale, choosing a property manager, scope of capex and renovations, etc) and determining profit/distribution splits.