I agree with Jack that assets are great to have, but I could also see the benefits of having that kind of capital to really invest in a solid STR down there.

The Auditors are not supposed to do that but understand the concern. 

Especially understanding where the loans stood etc. if you need any assistance on these 3 loans let me know how I can help.

If you property is generating a solid income and is heavily themed you can be at the top of the market, but not like what you have outlined as in a commercial property.

This could get hairy and you would need a solid operating agreement for each fractional owner as to what their shares are entitled to (voting vs non voting), enjoyment of property, etc.

The right lender should understand this.

So, I had to get the owner and tenant agree that it actually took place. 2) Meeting Tenants - I would say not needed, but certainly when their lease is up, you want to re-screen the using your screening criteria for income, background, etc... 3) Review the leases and understand expirations and lease renewal terms if any.

Curious about the wisdom of messing up a good thing with a cash flowing property to potentially own/sell a multi million dollar property.obviously would like  a better understanding of the risks involved.Thank you 

I am particularly interested in finding a house in a good neighborhood that has not yet appreciated significantly but has potential for future growth.I would greatly appreciate the opportunity to discuss this with experienced real estate agents in the area to understand which neighborhoods might be good investment opportunities.

Seeking partners who possess a keen understanding of local real estate dynamics and can offer valuable insights into promising investment opportunities.