“Josh, I feel you on this one—it’s a tough spot to be in, but let me tell you, these situations are where the real players in this game prove their mettle.

It doesn't help with your tax issue but keeps you in the real estate game with a lot less headaches.

It’s a great place to network, learn, and level up your investing game, whether you’re just starting out or already have a few properties.

To win the STR game, especially if you're a new entrant, the most important aspects are 1) Amenities2) Location3) Property type4) UniquenessAll are geared toward you standing out on Airbnb/VRBOHot tubs, fire pit, bowling alley, pools etc. or being in the best location in an area as well as being to host a large group are all things to help you win.

My strategy is the long game, buy and hold, build equity and cash flow down the road.

Real estate investing is a team sport and at different points in the game different players will play more important roles.

In the end, you have 2 choices when there is a change, blame the system or find a way to win the game.

Person new to real estate trying to get in the “game” with little or no capital and trying creatively.  

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.