Originally posted by @Lucas Carl:@Danny Day 30% occ run.

@Carl Fischer - I'd like to take you up on that offer.

Hi @Carl Miller,Welcome to BP!

Also, just reading through the 10 complaints the city attorney's office has filed shows that it doesn't allow what you're talking about I know a lot of people are doing what you're doing, and while I don't disagree with @Lucas Carl that its better for the image of other hosts if you do it right, I'm not judging at all.

(I can even think of some scenarios where structuring a deal with tenants in common as @Carl Fischer suggests could create a potential scenario for offering of a security.)So, that's my long winded way of avoiding directly answering the question, except to say that I think a lot more detail is necessary to render a more accurate opinion, and strongly recommending seeking legal counsel if you have any concerns that you may be offering an unregistered security and/or accreditation issues. 

@Lucas Carl says he is killing it in Pigeon Forge / Gatlinburg area.I have a free lake house and make about 10k a year on it, much of which I enjoy reinvesting in my property making it better.I make the bulk of my money off my long term cash flowing houses.

Carl, yes, I could buy all cash, then cash out refi in a year, but would need to wait a year!

But, let's say you don't have the umbrella policy and you run over a Billionaire and their estate sues you. 

Originally posted by @Carl Carlson:I think Keith makes an excellent point.

Originally posted by Carl Schmitt:If you can do two 10k deals in the time you can do one 15k deal, you're obviously better off.Some would also say that if you can do two $5K deals in the time you can do one $15K deal -- BUT WITH ZERO RISK AND MUCH LESS EFFORT -- you may be better off.Every investor will have their threshold for risk, reward, time value, effort, etc, and what works for one may not work for another...