It works just fine if the operator knows what theyre doing and structures it correctly.

I operate from Pensacola to Destin to PCB.

This isn't 2011-2013 days but many people are stuck in that time period STILL.As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.Wholesalers did themselves in by their method of operating.  

If this is correct, how much are you cash flowing each month after you pay your operating expenses and make your loan payment?

Quote from @Jesse Valdez: When operating a business, it pays to know the laws.In most states, guests staying fewer than 30 days can be removed by police for failure to pay rent or obey the rules.

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

The investors must be provided a Private Placement Memorandum, subscription agreement, and operating agreement.  

I think if you have a little extra time, operating a smaller STR business can pick up some good income.

There is no shower and the appliances were trash.

Traction is a book that describes the EOS Model, or Entrepreneurial Operating System.