The information contained in this post is not to be relied upon.

Additionally, as Gino said, when you are raising capital from passive investors who are relying on you to generate their profits, you are selling securities and must follow securities laws; i.e., you need to learn how to "syndicate" real estate.

The information contained in this post is not to be relied upon.

Even if that isn't true in your state I wouldn't rely on that fact. 2.

If you rely on your personal income to pay back the HELOC, you will have a hard time expanding your real estate empire.

Be prepared.Even if your personal home is only mildly impacted, but your community who relies on tourism has a BIG impact, understand that this will take months or years to recover from and some communities will not recover.

The information contained in this post is not to be relied upon.

Many owners are also absentee and rely on PM companies to book their properties and cleaners. 

No matter how thorough you are, there’s a chance you’ll miss something important if you’re relying on your eyes only.1.

If the amenities make the fees worth it, then it may not be a bad deal.I didn't research the types of guests, but I relied on AirDna/Rabbu data for gross income from similar properties.