Ah yeah, they allow couch surfing style stays since that has been a thing there forever.

I think the main thing I am learning here is to adjust the profit share between myself and my private money partners.

We use private lending to finance the purchase and construction of this home.

If you have access to private equity then sure, but if you want to buy properties yourself then at best you are looking at 1-2 per year if you have really good income. 3.

NMLS does not regulate private lenders.

The question I'm up against is what private money is going for these days for a build with this much room for upside.

Like @Chris Seveney said, private lending is a great way to go as well.  

or3) If I convert the partnership interest into a private UPREIT, then I trigger tax if/when I sell the Shares in the REIT?

He has since refinanced and cashed me and my private lender out.

Our community is actively identifying and investing in off-market deals, sharing the cost of virtual assistants and direct mail, sponsoring deals, investing our own capital, and having multiple group calls and webinars every week with institutional analysts, real estate and SEC attorneys, regional banks, private lenders, and other experts specifically to discuss and analyze deals within the community.