We are from California and looking for investing in STR for tax purposes and good cash flow.

Let's not belabor the point, but Worcester's commercial tax rate is directly shaping what gets built in the city.Sure, you can spot all the shiny new residential developments in Worcester, but where are the hotels?

*We are married so $500,000 tax free.

Would just like to reach out to the community for any advice or tips on getting funding to help with the project.I know typical banks will not lend for spec builds.I have completed other small Developements ( duplexes, triplex etc)I have about 20% to put into the project and the market is very strong. 

Now I know with that we got a great interest rate and at first I planned to not pay it off early as our tax break is helpful.

Any tips/ shares would be appreciated. 

We also have options for non-accredited investors to receive the benefits of owning a loan, but also the tax benefits of not having to pay ordinary income on the interest

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

Probate, tax liens, pre-foreclosure, expired listings, etc.

You are causing a $125k tax bill by not selling this property as your primary.