That means a higher rate and less favorable terms. 

The private investors form an LLC and get standard loan terms in a promissory note without equity or profit sharing. 

I agree,Columbus has a diversified economy, and a robust job market which makes Columbus an attractive option for investors seeking long-term capital gains. 

Purchase price: $199,900 My first real estate purchase, which I converted into a short-term rental, I rented for half the year when I was away.

I ask because you can turn this property into a short-term rental on platforms such as Airbnb/ VRBO.

I don't have a preference for age in terms working with other folks but young can be good from an energy, optimism and having enough time to put in the extra hours when needed (usually a younger person is not going to have a spouse, 2-3 kids and a bunch of other responsibilities).

I will say to forget your idea that you're going to build 10M in real estate just like that - it's a long term game and you have to be okay with a 10-year plan.

Real Estate, short-term management business groups in Miami and its surroundings ?

Concentrate on knowing local market dynamics, financial planning, legal and tax implications, and long-term objectives.

I am a real estate agent in South Florida that specializes in short term rentals 😊 would be happy to set up a call with you and chat!