Quote from @Tony Thomas: Any best practices around buying down points?

We do long-term rentals and practice BRRRR on every deal.

@Stephen Schroeder it would be fantastic for PMCs to be able to charge owners as you describe, as owners might then truly appreciate everything their PMC does for them.Unfortunately, no one has yet devised how to practically do this.So, PMCs' absorb most office & admin expenses and are compensated for them via the monthly fees they charge their clients.

There's what would be best practice for you as a host and there's what's practical in the current STR world.

I’m currently leading a luxury condo project in Cabo San Lucas and looking to expand my knowledge in real estate syndication.I’d love to hear from experienced professionals about:✅ Best practices for structuring a successful syndicate✅ Key strategies for raising capital effectively✅ Navigating the legal and financial aspects of syndication✅ Lessons learned from successful (or even challenging) syndication experiencesI’m here to learn and connect with like-minded individuals who have expertise in this area.

This strategy requires strict compliance with IRS rules and may not be practical for all situations.This post does not create a CPA-Client relationship.

Read a lot of books, and am looking to put my knowledge to practice.

We are practically neighbors; I am in Memphis! 

They specialized in concrete tilt up, but did a lot of time and materials work for a self made real estate tycoon who owned a lot of Federal Way.Along the way I got my CPA license and practiced in several differing sectors including doing some work with low income housing projects.As far as my start in RE, it was with buying my first personal SFR and later moving to a new residence. 

I've been a teacher (5th grade and 7th S.S.) for 22 years and can retire with full pension in 3 years.   I'm a licensed builder and have done just about everything imaginable in the construction trades.  New builds-br...