I however, believe I have stumbled upon an area where there is going to be a proposed growth due to expected expansion for a small racetrack being built near bye.

Hi all,That is definitely a misleading headline and to be clear I just scanned the article but the past few weeks I've been reading numerous other articles about the proposed bills as well as the proposed bills themselves.The main goals of the proposed legislation is to give counties the ability to disallow 30 day rentals.   

I seek proposals from people experienced in weekly and monthly rentals to set up and operate the bottom unit.

I'm considering a structure where Limited Partners (LPs) receive a 10% preferred return, with profits split 50/50 between LPs and the General Partner (GP) thereafter.I'd appreciate any feedback or insights on this proposed split.

You’d think of all the bought off suits they would propose a bill for Airbnbs liability as an “umbrella” STR license and hosts would have an apportioned amount withheld through individual earnings to operate under that license. 

LLC member (Limited partner from a legal standpoint but with management duties)Becuase of the LLC's limited partner's confusion, under the proposed regulations, subject to an exception noted below, an interest in an entity would be treated as an interest in a limited partnership under Code Sec. 469(h)(2) if:-the entity in which the interest is held is classified as a partnership for Federal income tax purposes under Reg § 301.7701-3; and-the holder of the interest does not have rights to manage the entity at all times during the entity's tax year under the law of the jurisdiction in which the entity was organized and under the governing agreement.

However, I believe there is a current proposal to expand that, not sure what the latest is on that measure. 

You're proposing a very complex structure that may be hard for lenders and insurers to understand. 

The best success I have had with seller financing is to listen first to the sellers problem before proposing a solution.Typically a seller finance transaction involves :1) Purchase & sale agreement2) Note3) Recorded deed of trust or mortgage depending on your state.

hey @Mark Chetcuti, so a quick search shows that there is some legislation moving around in the EU to increase transparency on STRs plus more restrictions.There are some articles on the Brussels Times site, but a paywall keeps me from reading it.