Originally posted by @Michael Haas:@Adrian Chu we've been extremely curious about that strategy - essentially "Condo-izing" a single family lot.Was this a hold for you, or did you sell one or both of the units?

This is essentially a finder fee for the member, payment collection fee, and support from padsplit.

To maximize the tax benefits of STRs, it’s essential to track your time and other people's time spent on the property, avoid staying in the property more than 15 days, and perform a cost segregation study to accelerate depreciation.

Accurate withholding is essential to avoid penalties while optimizing these strategies.This post does not create a CPA-Client relationship.

To elaborate, by investing in our fund, you're essentially investing in shares of a non-publicly traded company.

My motivation to sell was because I figured I had just purchased an investment in a bad area, and I was essentially doomed to make a profit/even break-even on it.

Not essential but I've used it for other things and it's really cool when you are building out a new process, design, or work flow with your team as well.  

Due Diligence and Feasibility Studies - What studies or tests are essential before purchasing raw land?

People always go for the cheapest financing, quit claim in to an LLC and go about their lives, when they've essentially done nothing to protect their personal assets. 

It is super important that you are very knowledgeable about your state landlord and tenant laws, to best prepare yourself for how to conduct your communications, and the essential do's and dont's that will save you in legal fee's if there is a simple mistake made.