I only know a few local realtors/ property managers I’m going to meet with them this week to ask more questions. 

Hi Justin - It sounds like your Airbnb is performing really well, especially considering your initial intent for the property.

How are you paid and are those distributions underlying property performance based?   

Performed as the GC What was the outcome?

That means creating a clear budget, forecasting cash flow, and maintaining a detailed financial model that tracks both the current and future performance of your portfolio.Tax Optimization & Risk ManagementBeyond financial clarity, strategic tax planning and risk management are essential to safeguard and grow your real estate investments.

I only buy if I can have equity right from the start.

I am an attorney and have seen a lot of these underperforming or non-performing equity offerings. 

And the reality was I only put 20% down plus closing costs.

This method allows each partner to defer capital gains tax on their portion of the property.It's important to perform the "drop" (distribution of property to partners) well in advance of the "swap" (sale or exchange) to comply with the "held for investment" rule.

Yes, when referring to “income is taxable to the person who earns it,” this applies to the individual performing the work, regardless of how the payment is directed.