Cultivate a Shared Vision Clear Goals: Great leaders ensure the team understands the big picture and how their individual roles contribute to it.

here's another anecdote. it's often stated that short term rentals are contributing to housing unaffordability. 

If the LLC is solely owned by you, then this may be considered a gift from your sister to you which could be reportable by her, if your sister is a part of the LLC, then this is probably just a property contribution to a partnership owned by you, her and any other members involved in the LLC. 

If this is a securities offering (with passive investors contributing funds), then the "issuer" of the securities has an obligation to inform prospective investors of all material facts necessary to make informed consent prior to making their investment decision.

Thanks for reading, hope to be able to contribute! 

So, I don't mind paying more for better class properties and working to reduce debt and increase cash flow over time that ultimately will contribute to, but not be my entire retirement income.

This has had the dual negative effect of artificially inflating prices and putting buyers in precarious financial positions.In Worcester, we have seen properties with $6k a month in rent sell for as much as $720k which has directly contributed to a run-up in prices which has priced out most first-time buyers.While the intention behind the Fannie Mae 5% down program may have been to help first-time homebuyers, it’s essential to consider the broader impact on the housing market and buyer stability.

Additionally, with a 7% interest rate, I'm paying a significant amount in interest.On the other hand, if I save up for a down payment on a rental property, once I have enough to purchase the right property, it shouldn't require any additional money from me, and I'll be building equity without needing to contribute more.Does anyone have experience with this?

I’m eager to learn and contribute to the community.Looking forward to connecting with you all and sharing our journeys!

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).