It covers expenses like supplies and small things and then it gets reimbursed back from the net payout to the owners so each month there’s a net payout summary with a check for the owner, which includes all the bookings in minus the fees, taxes, and Amazon Along with the commission I am currently just using Excel to do bookkeeping, knowing the entire time that once it grows, we’re gonna have to grow with it in terms of technology.

Make sure you know the impact that adding an ADU will have on any rent control.12) investors seldom include the land value in the overall ADU costs.

Typically I see a statement included to the effect (paraphrasing here): "any owner can provide 30 day notice of proposed repair/maintenance/improvement and then any other owner can respond.

What do you mean by the additional $18/sq design fee was not included? 

The property also includes nine apartments and a second commercial space leased to a credit tenant.

Partner Driven funded 100% of the capital required, including the $295,000 purchase and the $182,807 renovation budget.

Final bid was $5,500, and I figure the total taxes owed are around $5,000 including court fees and interest.I'm kicking myself because, in hindsight, I see I didn't completely understand the process.

However, from what it seems from your and Greg's replies, I am understanding that regardless of how we structure it and whether or not we ask the other members/partners to pay us anything for managing the business, we will still violate securities law by using our personal time and resources to invest a pool of money that includes other people's capital.

@Gary Tucci,A cost segregation study can definitely be worth the investment, especially with 100% bonus depreciation.Since your short-term rental (STR) is likely non-passive due to your material participation, the bonus depreciation can offset other income, including W-2 income.

Here’s another example from my “long ago” files - this occurred in 1998.A guy I knew told me he wanted to sell his automotive repair business, including the real estate.