A lot can be learned by reading books, watching online content, and learning as much as possible about raising and organizing money via a syndication or private fund. 

It will be taxed on a state level based on the state the entity is organized in, AND possibly the state the entity is registered to do business in.  

They were impressed how organized our paperwork was.Notice I didn't list asset protection?

People if you truly want to become successful, you seriously need to learn how to use common sense.Now this is me:All these leads are motivated off-market, organic leads.

I see the value in not being overwhelmed because of a failure to properly build a situation with systems and organization.

Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

You have a leg up on most in that you understand regiment, organization, responsibility, and dependability. 

Some groups seemed to be focused on using you as their cash cow to fund the organizers lifestyle. 

Quick tip: When you find a meetup that interests you, check the organizer's post history and engagement in the community - it's usually a good indicator of their true intentions.

We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea.