That is for, if necessary for us to sell our existing home and move to the number one produced, which will be the first "model home".

Our understanding is that if we designate the $60K as "OPTION CONSIDERATION" - these funds and the USE of these funds are NOT Taxable to the property seller UNTIL one of two things happen; # 1 the OPTION gets exercised, or # 2 the OPTION gets cancelled.

Despite owning our primary residence (paid in full) and being invested for so long, I am realizing I know very little about hands on real estate.

Sponsor is regularly seen on-site at every property in their portfolio, regardless of personal cost. 

We have our monthly Mid-Ohio REIA meeting on Tuesday, the 20th.

Keep in mind hotels have a lot more moving parts and greater liability exposure yet we as a company still did not implement what you shared.Where we as operators differed was in our the understanding of the actual risks associated with owning real estate and how to mitigate or protect against them.

If anyone here is willing to connect and share some valuable insights on the current trends and opportunities in the St-Louis real estate market, we would be immensely grateful.We have diligently conducted our due diligence and are now at the stage of forging new partnerships and contacts.

Any advice on what our next move could be? 

You might also try sites like meetup for those!

I'll let you know soon I have to QCD my primary this week into our trust haha but it's a pretty simple process so far.