The U.S. Government is nailing property managers to the wall in a bold move to control financial crimes.
BOI is yet another Federal program, “Beneficial Ownership Information.”
The BOI program, a key tool in the fig...

I am about to submit to the IRS my log of 500+ hours working in the STR business, most of which come from communicating with guests, cleaners, maintenance people, Airbnb, VRBO, and managing supplies, shopping, bill paying, pricing, calendars, all the daily and weekly tasks. 

The U.S. Government is nailing real estate investors
to the wall in a bold move to control financial crimes.
BOI is yet another Federal program, “Beneficial Ownership Information.”
The BOI program, a key tool in th...

In other words, make it a daily task to reach out to contacts, search the MLS, make connections, follow up on leads. 

When doing this exercise PLEASE make sure you are factoring in a couple of things:- closing costs for acquisitions- working capital or cash reserves up front for a rainy day- operating expenses and replacement reserves- mistakes, bad years, bad acquisitions.

There are hardship withdrawal provisions and others that can be exercised if you meet the requirements. 3) If you have access to a workplace plan, like a 401k, with a Roth component, you can consider that as well. 4) If you setup your Roth with a Self-Directed IRA custodian, they can allow you to invest in assets like real estate, private lending, private equity and other alternative assets. 

How have you gotten aligned with your co-buyers in the past (any exercises, tools, resources, processes, etc you've used) and how might you do things going forward?

And, if you don't want the best candidates for purchase but just want to exercise that authority you think you have by being the owner, that is up to you.

They would be managing 4 to 5 cabins, and I would be setting my daily rates dynamically to maximize occupancy, so this would be a consistently significant workload for the VA(s).

It’s a great way to learn the ropes and get a feel for the daily grind in construction.Remember, everyone starts somewhere, and it’s totally okay to learn as you go.