If you're not putting anything in, then I'd expect that your friend would want to get all of their capital back before you start splitting up the distributions.

The truly tragic natural disasters in California, North Carolina, Florida and others of the past six months are evidence that no location is truly 'climate safe,' however there are geographical areas that can expect less weather extremes and lower costs of living, developing, insuring and seemingly...surviving. 

I reached out to the individual marketing the deal to schedule a property viewing, but they’re asking for proof of funds (which I expected) and a signed purchase agreement or LOI.Is this normal?

What is the expected return on investment, and how does it compare to syndication in terms of advantages and disadvantages? 

I completely agree that luxury rentals need to offer more than just aesthetic appeal; they need to resonate with tenant expectations and justify the premium rents.

I expect my cash on cash return to be over 90%.

I would imagine that the hotel marks up their rates to use airbnb a little to offset their service fees, so the net is pretty close to what you would expect.

It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

You mentioned various places to put your money.What is your expected return along with level of difficulty for each venture?

Expected sale price?