Build a system that attracts the right audience.

In short, you ride the 'coattails' of the previous owner's taxes for the first year.  

Overall, everyone has been nothing short of friendly and helpful. 

I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.

While this is indirect, a less experienced sponsor is not going to be able to attract capital like a seasoned sponsor, regardless of securities being exempt or not.  

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

In the short term, it will be more painful though.Personally, I'm not a fan of enabling bad tenant behavior and in life you get what you tolerate.

A short-term rental with a stay of 7 days or less + Material participation =also non passive.

This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

so short window I suspect the marketing will start in earnest on March 15th though !!!