I can certainly see where @Chris Seveney and @Carlos Ptriawan are coming from with vesting skin in the game and alignment of interest.From what I understand of other online syndications of alternative assets, it's fee heavy and little alignment.What I am hearing is that I should market the 2% hurt money, revenue-share annual management fee, and IRR hurdle rate with 80/20 carried interest better as that is a unique-differentiator from the other pay-for-play platforms.Not that I am proud to promote this as I wouldn't want to be considered a "discount manager," but the fees are low, both real and relative, and especially low given the asset at hand; 5% placement, roughly 75bps annual (given the revenue share estimates) and then performance at waterfall.I do not anticipate this being a long-term solution though; only entry for the first launch of beta.

That plan includes the specific strategy of how they will add value from renovation and reduce expenses to increase operating income, include extensive market detail, and timelines or how long they anticipate holding the asset, as well as target returns to investors. 

If you are looking at a lot of opportunities and for each one you blindly hand out this questionnaire, you might find yourself becoming quietly removed from some sponsor’s mailing lists.This might be no loss for you in some cases, as the sponsors who are unable or unwilling to answer the questions aren’t the ones you want to invest with anyways.But there are sponsors out there that go to great lengths to anticipate investor’s questions and spend many hours to produce some fairly thorough offering materials that answer most, if not all, of these questions.So rather than passing out this questionnaire to every sponsor you meet, consider using it as an internal checklist of sorts.  

However, even if STRs would still be regulated following the court case, I would anticipate you could do a 30-day furnished rental for a high rate.

I like to know anticipated distribution cadence, reporting requirements and timing, underwriting approach.  

All of these folks will be much easier to access than you may anticipate. - Grab coffee with every member of the town council. - Meet with the town planner (in a very small town they may run planning through the county). - Talk to a real estate office with an office in town. - Meet with the Mayor. - If there is a coffee shop, then work from that shop for a few days, and engage with the folks that come into the place. - Visit any shops, especially new ones, and ask the owners what they see in the community, what the reception was like when they opened shop ... and the like. 

Our living expenses are less than I had anticipated and the real estate side has been more successful.  

brags with similar properties:1)you know the area/are local 2) rents seem realistic 3) appreciation more or less follows inflation and if you bought in line with market values and anticipated sale expenses then 4) you are getting a 7.9% return on your paydown--about twice the rate of savings accounts and 5) reserves.Congrats, you have limited down side risks and given yourself a chance to do very well if the neighborhood improves and rents increase.

I’d anticipate this cash flow with new tenants.

Or be patient, stay the course perhaps wait till spring and sell it maybe at a lower price than anticipated?