I always discuss investments with others in an investor club because other people might think of things that I might miss.

However, I am seeing posts here that many people utilize their short-term rentals for RE status by using Schedule E.

Unless the people were significantly value oriented (think super cheap) 95% of the time they would move on to another location over taking the double beds.

I would caution against getting a partner, there are some real downsides no matter who it is, I’ve been through it with great people and it can be difficult to manage two visions.

@Dan Bowe - The truth it, you need real life experience prior to taking other people's money.

A lot of people have fallen asleep at the wheel when it comes to that issue and the risk is that, once people realize how bad it is, they will stampede out of the market and there might not be buyers at any price.

In short, - Powell is serious about smashing inflation, saying of the inflation in the 1970’s: “People [the Fed] didnt get in there and get it done, so inflation kept coming back.” - Powell is not going to come to the rescue of the housing market.

I have started looking for listings recently.I am a bit confused when people ask to "shop around" for a conventional loan.

Many times I have been in the home they choose 3-4 times for previous sales years ago, so can tell them all about updates, etc.I think many people are getting ready to have a rude awakening in the coming year or two and when people get burned with no representation or loose a lot of money.

You can do both usually you want someone that can lead a team and convert the lead and sell if they need too and most people with that skill set are currently working.