In my opinion, even if you partner with a local PM company or turnkey operator your returns will drop significantly.

BTW, you can do an LTR on any property - house or condo - without applying for a permit.In the right location, you should expect to see at least a 2x return on an STR as opposed to an LTR.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

I imagine I can get his wages garnished or maybe collect from his tax return.  

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

We use private investors and offer them 20% APR, with 10% return guaranteed, paid as a balloon. 

Short-term rentals may earn higher returns.

I believe your loan could get called if you transfer ownership to an LLC without consent of the lender, especially a brand new LLC that does not have two years of tax returns.

Looking for any creative input on how something like this could be structured.Taking part of the purchase price of real estate as a charitable donation and using said deduction to lower your taxes is tantamount to sending a cover letter to the IRS with your return requesting an audit.  

This might not reduce your taxes, but it's a better use/return for your money than paying down a 4% or 5% mortgage.