We have a partnership entity, so it has to file separately and needs balance sheet accounting.

However, I see a lot of people achieve success by getting really good at one thing.

I've been researching the topic of limited liability and the different options to achieve this.

If the taxes are killing your cash flow, you'll need to either negotiate a lower purchase price to offset the tax burden or budget for some property improvements that could increase rental income and help balance things out.

The candid advice about balancing quality, building the right team, and adapting to challenges really hit home.

Strategic Purchase: Acquired a discounted double lot below market value with a $17k impact fee credit.Custom Design: Built a 6-bed, 5-bath home tailored for co-living or multi-gen use, maximizing tenant appeal.Efficient Management: Managed construction, and self-managed operations to minimize costs.Premium Marketing: Furnished the property and used multiple platforms to attract quality tenants quickly, achieving full occupancy.What was the outcome?

Johnson City could be a great spot for STRs, especially if you focus on hospital staff rotations, visiting professors, or traveling professionals, which would balance out any seasonal dips in tourism.For STRs, consider targeting weekend travelers exploring the Appalachian Trail, Boone Lake, or local festivals.

well going to Nuk on them sure wont achieve the return of investment all but assures a wipe out.  

With the money they raised they bought too little real estate to achieve their investment objectives, have LENT millions to the training company, financed a couple homes (wonder who got those, I can't find where they ever disclosed - but it will come out).

Cash flow, equity growth, or a balance of both?