Hello, My wife and I are in the process of turning our primary home into a rental. I created an LLC, and the rental address is not the name of the LLC. My thought was to give the LLC a generic name, and the rental cou...

I'd love to get your feedback on which option you think is more attractive and why.Option 1: Equity Partnership- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Investment Term: 5 years - 10 years- Equity Split: Investor 80% / Sponsor 20%.- Preferred Return: 8% annually to the investor.- Profit Sharing: After the preferred return, profits are split 70% to the investor and 30% to the sponsor.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?

The question is do you think its a good deal.Did you get a property inspection?

This may seem like a surprising topic when you think about Worcester.

I think 2025 could be a much better year.  

Hi all,I've recently joined BiggerPockets and have been thinking about some new features for the forums.

@Spencer CuelloFirst congrats on thinking about risk mitigation as I often find this overlooked.Unfortunately we have not found home warranties to really assist us in the past.

But before we go on the quest for all the fancy amenities, I think a lot of STR owners should focus on the basics first.Just my .02

I think having the flexibility to choose what weekends my family or friends wants to come into town out weights the consideration of putting a tenant in there full time.I have researched a bunch of things that come into consideration before starting this and I would love thoughts!

I've looked up local GIS maps and checked for tax assessments, but I don't think that's at market rate either.Same question for market rent - when searching for other parks in the area, it's very hard to get anyone to call / email me back for information.Any suggestions?