Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

It will be fun, we'll have drinks and meet at a local vacation rental-this is a great way to learn more if you are interested in this type of investment.  

I'd strongly recommend seeking out other purely passive accredited investors and focus on building real relationships.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

For the income to switch to Sch C reporting, you also need to offer services similar to that which a hotel might offer such as daily housekeeping, food/drink, and potentially various other amenities depending on how you'd like to qualify.What you describe is simply changing property managers, it doesn't really matter whose name is on the AirBNB listing.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

It's a pure business decision, so treat it as such.

guess on my part but at that dollar value and with you guys having an interest I suspect the trustee wont do much about it or spend much time or money on it.. purely speculation on my part of course.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.