This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

Detailed answer:https://www.biggerpockets.com/forums/51/topics/1136752-expla... 

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

We haven't been able to sit down and really focus on what will be the best investment project...but...we should get on a zoom call and discuss it in more detail. 

There are a lot of other strategies one can try, but what you do is the lowest risk, the most predictable outcome and takes the least amount of time and energy.I always suggest to use an extra time an investor has to think about building or buying a business that generates cash to accelerate the growth curve. 

At it's basic level:Assumption: Asking the bank to turn the loan over to you and going through the normal underwriting process, credit, income, DTI ratio etc SubTo: Taking over the loan without telling the bank, no underwriting, no credit check, no income verificationBoth have risks, but it's not my intent to be detailed in this post.

I don't know if this is actually in an A or B neighborhood, but would a duplex like this interest you: https://www.realtor.com/realestateandhomes-detail/116-Regent...?

38116 and 38118 are the areas Im referring to and I have a Podcast where I break down the stats and all details of those areas.

Always have a detailed scope of work and a price in a written contract.