An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

I am not an attorney and I do not want to provide specific details in a public forum.

Then find the perfect balance for your situation. 

Location How did you find this deal and how did you negotiate it?

It's hard to find a question in there.

It is when you provide hotel-like services to your guests, such as daily maid service, meals or entertainment.

Your proposed structure where the partner provides 2/3 of the capital and you split profits 50/50 could work, but you may want to refine it.

Cleveland is especially interesting because you can find multifamily properties at lower entry prices compared to other markets.Network locally – While connecting online is great, building relationships with local realtors, property managers, and contractors can really accelerate your success.

How did you find this deal and how did you negotiate it?

With years of experience in this unique market, I've had the pleasure of working with a variety of investors, helping them maximize their returns while providing unforgettable experiences for guests.The Poconos has seen tremendous growth in the vacation rental market, thanks to its year-round appeal, driving proximity to major cities, affordable property prices, and diverse attractions.