If everyone is truly active, it is now a joint venture and you can have a local real estate attorney form an LLC for you (which is much less expensive).

Purchase price: $236,000 Cash invested: $10,000 This October, I began renting out a property that I inherited from my mother, creating a steady cash flow each month from the rental income.

However, if you ALWAYS plan on staying invested in real estate, it doesn't matter as a long as 1031 is good for it. 

Purchase price: $270,000 Cash invested: $10,000 What made you interested in investing in this type of deal?

Unlimited losses allowed for landlords who qualify for REPS - Real Estate Professional status.

I always knew this was a common problem in the real estate space and I was always curious as to what was the underlying issue.

There are at least 3 or 4 people who have courses on it so it is a real thing.It is closer to STR that LTR because they are always furnished and can easily be converted to STR if you have a gap in bookings.

It will still be doing real estate activities.

Other than perhaps property taxes, turnover is generally the biggest single operating expense you will endure as a buy-and-hold real estate investor.

Hi @Dozar Real,Unless it is a crazy good deal I would pass on it.