Please share your input.I would also appreciate any must have additional clause to be added in the lease.

Welcome to BP Marina Montague, It sounds like you have some good experience to share.

If you have experience or insights to share, I'd greatly appreciate your input.As always, thank you in advance for your assistance!

Limited partner's test: (Only three test -Under temporary regulations, individuals who are limited partners and meet the more-than-500-hour test, the five-of-10-years test, or the three-year lookback test are treated as materially participating in any activity of the limited partnership for purposes of applying the passive activity rules)De Minimis RuleIf a qualifying real estate professional aggregates activities into a single rental real estate activity and the taxpayer’s share of gross rental income from all of the taxpayer’s limited partnership interests in rental real estate is less than 10% of the taxpayer’s share of gross rental income from all of the taxpayer’s interests in rental real estate for the tax year, a de minimis exception applies—the taxpayer can determine material participation under any of the tests in Reg. § 1.469-5T(a)  that apply to the rental real estate activities.

Whether it's disagreements over shared spaces, noise complaints, or differing lifestyles, the likelihood of conflicts arising increases with the number of occupants.

@Adrian Butas would you share your pm or no chance

I also tried to send a "Special Offer," but I was never able to confirm the guest got it because she backed out.Thanks in advance for any shared insights!

I work with investors on just this, and have an Excel underwriting model that I share.

Thanks for sharing this Gordon!

I'm a credit union person overall- it can be a little less friendly for multiple accounts, sharing funds ect.