This would allow me to raise the rent for the main house a bit over market but I'm concerned usage could get out of control and making my cashflow take an unpredictable hit.Does anyone see other options here that may work better than the two above?

How do i structure a jv deal here in texas, were im in the position to find and end buyer, and when i market it, a realtor presents me with a buyer??

I have done everything the right way, the ethical way, treating people with honesty and respect.. treating the market and the process with respect (not cutting any corners, permits, etc) and it seems like I have been beaten down at every turn and now I am at risk of losing everything I have worked hard for years to obtain. 

Selling could net a large profit, but holding these assets could significantly build wealth, especially in appreciating markets.

A larger down payment is required to cash flow in many markets.

The plan for this home is to try it out on the STR market for a few years OR possibly cash out on the investment as I do feel we could sell for much more than we have invested. 

From what I’ve read recently in the Wall Street Journal, the IRS doesn’t seem too picky about who manages the property initially.. what matters is that it’s actively being rented out.Now for Question 2, the key part to keep in mind is whether you hit that 100-hour rule in terms of participation for 2025.

I’ve got a lot of experience helping investors in that market, and would be happy to share some tips specific to the area.Pat

An offer of $34.95M negotiated up to $35M would actually put the seller down -$95k net versus accepting the initial offer. 

Jon, if you care about equity and not cashflow, you're in the right market.