This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

Valuing your time and understanding your limits and skills will make a big difference in the equity you build, the quality of the work and your sanity. 

Thanks, it is a different email, so I'll PM you.

I'm just trying to understand typical STR appetites, understanding the overall ROI may be different in this particular market. 

The text specifically states the end of three years with about $174,000 and a 348 percent return but the table in the text shows a different number.

Are you looking to do more, similar deals like this, either in the same neighborhood or a different one?

The short-term rental (STR) loophole allows for different treatment of rentals with an average stay of seven days or less, but this doesn't change the REPS hour requirements.There is no official IRS form specifically for documenting REPS hours.

I love this architects designs for cottages and pocket neighborhoods, but this concept is something entirely different.

I put together an investor package that has info on Cleveland markets and different strategies.

If this isn't the type of loan which would be recommended, if anyone knows of a different loan that would better fit this situation, please let me know.