Quote from @Michael Smythe: @Steve K.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Cash with investors How did you add value to the deal?

There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.

However, the real education is at the Broker/Owner retreat, available only for Broker/Owners.

Thomas, Thanks for replying to the post, can you send me the website for the companies that are in your wheelhouse.

But the value it provides is definitely worth it.

Now it is just our secondary, and my family will go up once every month or two months, but the rest of the time it will be rented as a STR.

Just use the built in tools and go from there.

My suggestion is to build a spreadsheet and include the net cash flow to you for every month of the deal, then use the IRR function to figure out your return. 

Of course in the JV deals I do where we  come into title I pay tax at the state level if there is tax.