We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

Hey @Justin Brown, what @John Underwood said is spot on.SLC has been restricting STRs for a long while now and it isn't going to get better.People who have STRs in areas where they are not allowed are breaking the law and will eventually pay the price.Having said that, you should check and see if there are certain areas where it is allowed in some way and that is why they exist there.

Quote from @Shema Cochrane: Hey everyone,This year, I’m shifting my focus more toward land development and moving away from smaller infill lots.

Sitting on a college degree of software development, I concur. 

Still boils down to will the developers go for it and will the market receive them well.Portland came up with some really high density rules to allow these little tiny home villages and the planners and city was so proud and a few developers tried them but the market ( buyers) dont like them and the projects have failed so no one is building them anymore.. 

Raise the $600K, do the pre-development work, then “sell” the property to NewCo.  

We want to do this transaction so we can upgrade our living space, have another rental (our existing house), and eventually rent out the new house (his house) after we grow out of it.

Quote from @Anthony French: I’m relatively new to real estate development, having completed only one fix-and-flip project.

I assume you're going to sell it to a developer, so sell it as is and let them deal with it. 

I will still post on here weekly but currently these are the things I am working on:-Vetting my options for financing-Vetting other parties and areas for best success on this dream project of mine.I have a few ideas on the concept and will eventually reveal it here 🙂Cheers folks keep chasing your dreams!