Search the lender for deeds of trusts and you'll see if they do business.BTW, any entity that offers or requires a participation in profits that is a lender is looking for trouble, this type of deal should not be made from the position as a lender but as an investor through a non-lending entity or individually.

@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.  

For material participation, would our combined time in the property need to exceed 100hrs and greater than anyone else? 

They allow new investors to learn from experienced ones in a structured and safe environment.One of the key benefits of such programs is the ability to participate in deals alongside more experienced investors.

As long as everyone is willing participants and they are not being coerced in any way and are willing participants I honestly don't see anything wrong with it, her body, her choice applies here. 

Granted, I didn't pay for them so maybe my palate was skewed a bit as those that were sharing - I had several hard core collectors as customers turned friends -  they were often proud to share the price and method of obtaining, but I just don't feel the cost was worth the taste.

I don't even have my own personal residence yet (live with my parents, and proud of it!).

Renters pay a $35 tenant screening (which includes Income & Asset Verification and Background check) and application fee, which allows them to apply to your listing and an unlimited number of participating rentals for 30 days.

Join local meetings, attend real estate seminars and workshops, participate in online communities, and network with local real estate agents.

I'm sure Ben Franklin would be real proud of you guys.