Hi Daniel,Thanks for sharing your story and background—it’s inspiring!

Hi @Brendan Jones I moved to Nashville in late 2021 to begin my homeownership and investing career, buying a primary residence, house-hacking it, and transitioning to a long-term rental once I bought my next property (also in Nashville) so would be happy to share my experiences.There is a lot of interest in STRs in the Nashville Metro area, but the zoning has become increasingly strict over the years.

Show you're qualified and sell yourself: Know and share your criteria, how you're purchasing (debt vs equity)?

This is in our backyard (Reno-Tahoe), so thanks for sharing!

K1s show your share of income or losses from the partnership, and you include it on your respective personal tax returns.Now, to your partners.

The other 50% is shared between aunts and cousins.

If you don’t mind sharing, how much did you have to invest in your first property? 

I'd be happy to share how I'm achieving this in more detail.

I will avoid sharing names, some of them contacted me here on BP, so they know who they are. 

Later, you could refinance, pay off the sister’s share, and potentially renovate further to add value.The big questions seem to be how to handle the mortgage so the parents aren’t stuck paying rent and whether setting up a trust or another legal structure makes sense for passing ownership smoothly.