Like a rich uncle or friend of the family doctor/lawyer?

When the housing market became seller friendly, I unloaded 5/6 of our long term rental units, paid off our house with that and invested in stocks and mutual funds…completely no fun, right??

A 50/50 split, while not uncommon in the world of flipping, is very sponsor friendly, relative to the typical syndication which will typically start at 80/20 or 70/30 splits, with a vast majority of proceeds going to the LPs, along with a preferred return that gives them 100% of the cash flow up to a certain annualized return metric.  

Quote from @Ajit Singh: Hi BP Friends, My name is Ajit. 

He was traveling and my friend went with me to the showing as a 2nd pair of eyes on it. 

Every Week I scan the MLS, navigating cities and towns in South Florida that are friendly (and not friendly) toward short term rentals.

I have a few good friends that would use me if I can service their HM needs.

Choosing an STR-friendly area can save you significant hassle and protect your investment in the long run.

If you're scaling your rental portfolio, you have to scale your operations as well.Having said that, I have friends who only have single family MTR homes and do extremely well at scale.

I have a potential partner who is a long-time friend.