I have been actively looking primarily in the Virgin Islands and Bahamas for properties that are ideally within the budget I would like.

If nothing else, offering a small reward like a gift card to their favorite restaurant (ask when they initially sign the lease) helps.

It sounds like you’ve got a great foundation with your business development and marketing background, those skills will definitely help when it comes to evaluating deals, negotiating, and even managing properties.

The long and short of it, you'll more than likely need an architect to draw plans to do the conversion.

Unfortunately, it seems like the state of Texas forbids HELOC's on investment properties and I am reluctant to do a cash out refi (or sell the properties) as my current hard money rates on these properties are between 4.5%-6%.

A Heloc is a open end mortgage like a credit card so its an additional trade line on credit, cannto never be used as an Asset, PITI reserve, and its a DTI killer in most cases.A heloc is also usually set up on a shorter term versus a mortgage, carries a Higher interest rate, and most carry a interest only with a prepayment penalty.

I would like this information to be clearly visible on the owner portal, including the payout, our commission, etc.Thank you in advance for your feedback and experiences.

I do not do this personally, but grew up around "horse people" in vermont/NH, and I feel like this is a great idea!

Many colleagues I've spoken to start at $1,200+ and I've learned the hard way, you get what you paid for.Unless you have a tax background I would not recommend tackling these returns yourself given all you're doing and if you plan to add more partnerships in the future it's even more important you work with a tax professional you know, like, and trust.I've seen people in the same situation to save ~$3,000 in prep fees, did the return themselves, then received a $120k IRS notice of change to their return.

Like say you have $50K in equity in another building.