The concept of "Work on your business, not in your business" is hard to do.

And frankly, I feel more strongly about the effectiveness of site concepts #1 and #3 than #2.

Altho this is a great concept, for many, it deters them from investing when their market or neighborhood is hot. 

I love the concept that some of the STR YouTubers call the "golden triangle".

Here is the proposed concept…Let’s say I am a founder of a company... lets call it "Equity Rental USA" and sole owner of it as well.

Created open concept living spaceRenovated kitchens and bathsRenovated basementCreate master bath and closet What was the outcome?

So, she may be able to keep the subject property in homestead for a time until we officially transfer ownership.You also bring a good point up about putting myself at risk here as well, and that's really one thing I want to get some more feedback on so that I can prepare or structure this concept/agreement to reduce those risks.

If I were you I would carefully and conservatively lay out your business plan and what cash flow is going to look like during your build out while no cash is coming in and then what it looks like each month as it ramps up.Personally I’m a little lost on your actual concept - a pizza/ice cream shop sounds like a family place but then you want gamblers hanging out there all day?

That's all nice and good in a vacuum... but when the tenant is behind by more than a month's rent, ghosting you, has a four digit back balance, and has done a lot of damage to your property, it puts a strain on that concept in practice.  

Purchase price: $1,250,000 Cash invested: $2,100,000 Open as of March '22, BUNGALOU "Stay & Play" is concept that blends over-the-top accommodations with a laid-back atmosphere.