This would make decision making hard, on top of likely needing owners to sign mortgage guarantees, etc.Not enough involvement/too many owners, that you no longer satisfy SECs rules for involvement and it is really a security that needs registered or exempted.Some middle ground, like DSTs or these other fractional ownership, where the admin work is so intensive that fees need to be higher to make it worthwhile for the operator.Then again, I am drawn to real estate, so by nature drawn to traditional, proven structures.  

Therefore, amounts separated for by a cost segregation study would not technically increase the "non-real-estate-property" for the purposes of the 15% test.

Here is what you are teaching others:1.Perform a ton of research on how to generate leads.2.Listen to podcasts on your way to work.3.Question the meaning of life, listening to, and dissecting all that information.4.Find A list, Filter That List, Buy that List, Buy stamps, Buy mailers.5.Handwrite 5000 letters.6.Include a pen inside the envelope for “lumpy mail”.7.Send mailers.8.Experience a short-lived feeling of accomplishment.9.Followed by an intense sense of depression and shock upon receiving a ton of angry calls from said mailers.10.Get a ton of returned mailers.11.Skip trace these addresses.12.Pay for a new set of envelopes mailers and stamps.13.Resend mailers.14.Experience another short-lived feeling of hopefulness.15.Followed by an intense sense of depression and shock upon receiving a ton more angry calls from said mailers.16.Listen to more podcasts.17.Get a “AHA!”

If you’re selling your home to a stranger, have a solid contract that has been tested in the courts.

When have you tested your PMC’s processes- Click on whatever links you find on their ads to schedule a showing and start an application to see what happens!

I'm 💯 with Caleb on this: Test out your flipping plan before you sell your business!

Even if STRs did unlock PAL (and they don't), out of state STRs probably will not work anyway, due to the challenges in meeting "material" participation test for out of state properties.

I just sent them a larger list with a bigger size to test again and if it returns as bad as the first time, I'd be looking for a new company.

I would visit the property and let them clean it as a test run while you are there.

We tested it was not black mold and there were light spots with the lack of using the ventilation.