@Kevin Waymire I have bought and sold 5,300 units.What specifically are you wanting to know?

I think it will add more competition to the rental market and the buyer market specifically up in N Phoenix, Deer Valley, Desert Ridge, and then up into Anthem - but will bring up value throughout the county. 

Fractional TICs give owners the financial independence that has been associated with condos, without the need to wait for a condo conversion, a process which can take anywhere from 2 to 10 years depending on the specific requirements for the subject property.

As a builder/investor myself some of your estimates seemed a little off to me, but those can be very market specific so its hard to say. 

When I call the most seasoned person Allan Howell he gives me great info but doesnt know the specifics. yet you call others and they know it like the back of their hand.I have learned a lot from this process and am grateful for so many members commenting on my posts and helping me learn more about being an investor.

It seemed like most the folks you have on staff are CPA or other, but no specific legal experts.

With the massive increase in STR properties in the US, I am hopeful that lenders and appraisers will evolve to apply income/exp metrics to STR deals specifically, on top of generic property comps.

Short Picture: Instead of dumping 300K out of a brokerage account all at once, how about you find another investment you are comfortable with, multifamily specifically, and only withdraw the needed funds for the down payment on it from your brokerage account. 

Of course your specific return requirements will vary, so figure out what the numbers are for your market, analyze them to determine margins and decide if that is an appropriate return for the risk you are taking.

Give them notice that their lease will end and you expect them out by a specific date/time.