Second- these developments where the same person develops, builds, and then requires you to use them for management- they always suck.

Whether your at $0 or $10mm of personal cash to start with.   

What are the rules for removing this person, as I understand it he falls under hotel rules, not the landlord tenant act.

. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal:  $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses. 

Can confirm Joseph is a real person 

Personally, I would not keep a rental that is not expected to cash flow. 

Here’s what keeps successful house buyers winning (even when deals fall apart):**They don’t get emotionally attached to a deal- A lost deal is not a personal failure.

I have a personal sign-up link, so if you decide to make the switch, use my link!

It would just need to be a situation where they have great contact with the person doing that managing of the project (I.e. have known the person for years, great reputation, person has experience in flipping etc.).

If the trust is disregarded and you and your wife file a joint tax return the property is reported on your personal joint return.