The best part is, it's free for you to use and also checks their vet/shot records!

It's on the water, and I have a 32 x 12 foot boat slip in the nearby community dock.

The unfortunate part is it's often lamented as the nicest home on the block and the fortunate part is it has been made money as a rental for many years and now as a Airbnb super host property.

Has there been a third-party appraisal done on the property or has Huntington given you what they estimate the value to be?

You could also explain that keeping more liquidity helps you address any potential issues quickly, which benefits both parties.

@Rud Sev Your Section 1231 losses from the sale of rental properties were likely correctly reported on Form 4797 (Part I) as ordinary losses, allowing them to offset all types of income.

Something to note is that you and your immediate family be able to use these properties personally in any way and you should have a 3rd party property manager.

It has to be worthwhile for both parties. for example 10% share of profits on a $100k deal basically will yiled us nothing. we typically take 50% upside at a min. 

If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.