That way you can legally receive compensation for your services and better yet, you’re well positioned to list/buy properties for family/friends going forwards.

So many moving parts and positions that could be played.

Until you know the true equity position this is pointless.

My position is unique.

I think AC is positioned well for STRs close to the beaches.

If you are in a position to get credit, leverage created through mortgage debt is an excellent driver for building up wealth.

Also, I have had several people come in as second positions for my properties to provide gap funding, but that is because of my track record.

Hey guys- I placed my (tenant occupied) Austin house on the market yesterday and our showings have been positive– received an offer earlier this morning that I think we will end up accepting.  

First, you can't take advantage of the economies of scale like you can in a bigger facility....meaning that as you expand, your revenue will increase faster than your expenses which will have a positive effect on profit. 

Does anyone have any similar positive or negative experiences they could share?