The concern arises when you're acting as an agent for others—there, the law is stricter.Since you plan to use the agreement for future properties too, it might be worth getting legal guidance upfront, even though the $1000 fee sounds steep.

Hi Anoop,If you're looking for the best areas in Boise for short-term rental investments, I’d recommend focusing on two spots, these are the ones I see come up more frequently for investors: Downtown Boise and North End (a bit more residential but still near popular spots like Hyde Park.Good luck,Jackson

Single-family homes and small multifamily properties are popular choices here.It's also a good idea to connect with local real estate groups or online communities for advice and to find good property managers.

If you’re “uncomfortable” with $16k in debt, you’ll probably be very uncomfortable when an opportunity arises to invest $100k and take on $900k in debt for a $1 million acquisition  that has the potential to supercharge you’re wealth building 4 times.  

I am not sure but I don't think it matters where you are located.Texas is popular for series LLC's.

Where the problem arises is if you buy it as your primary residence (ie put 5% down) and then don't move in.

It is near economic hubs like Nationwide Children’s Hospital, Ohio State Campus, and New Albany.Turnkey properties are popular in Old North, Merion Village, Southern Orchards, Old Towne East, Driving Park, North Linden, North Hilltop, Franklinton, Reynoldsburg, and Hungarian Village.For BRRRR and Fix & Flip, consider Eastmoor, Hilltop, Whitehall, and Linden.

However, if this is a true "joint venture", all members must be actively involved in generating their own profits so the credit partner would also need to participate in decisions regarding the property such as which contractors to hire; handling issues that arise, etc. 

The two earliest popular and successful “gurus” were Jimmy Napier, whose speciality was investing in notes, mobile homes, and real estate “exchanging”, and John Beck, whose speciality was tax auctions, and complex series of exchanges in which John used near worthless lots acquired for pennies at tax auctions at full tax assessed value for exchange purposes, usually as a downpayment, or as collateral for a private note.

I know trailers are very popular and even considered renting out spots.