@Jim S.If you have large excess cash flow you should really think about adding an investment advisor and tax CPA as external partners to your team.REIT dividends are portfolio income. 

Finding a RMLO/Brokerage needs some due diligence beyond a web site.

As per my understanding, the external basis of the partner in the fund is zero (assuming no other debt) at the time of fund setup.

I am starting to see some articles on the web around saturation for AirBNB in core markets: https://skift.com/2017/11/15/airbnb-growth-story-h...FWIW AirDNA is showing a pretty steady increase in the supply of units in the last year. 

Wanted to post a couple images of the space I'm dealing with.Once you descend the stairs from the external cellar door, you enter another (shabby wooden) door leading to the first segment of hallway.

I find that some are more comfortable with this than typing it into a "web-based" form.

Stay off the web when looking for money.

We generally convert our data to a series of indices or percentile rankings relative to the MSA we are analyzing (or to the country as a whole if we are looking more broadly for promising markets) so we can identify which markets and submarkets are most compelling on a relative basis.We've found that the following market variables (at census tract level granularity) are most able to explain investment potential:- Crime index- Education index- Unemployment rate- Cost of Living index- Household Income- Median Age- Population Density- Median Home Value- Educational Attainment- Percent Owners vs Renters- Percent Workers vs Residents- WalkScore- TransitScore- Sound Level (noise pollution)- 1,3 and 5 year Rent Growth- Derivative of 1,3 and 5 year Rent Growth- Monthly Rent Volatility- Distribution of unit sizes in the market- Percentage of 0,1,2,3,4 beds in the market- Skewness of Household income- Number of Negative Externalities (e.g. garbage dump, firestation, prison, train tracks, highway) - We typically use this more for comparison of properties within a few blocks in the same submarket, but if there are a ton of them it is influential at the submarket levelHopefully this helps.

For security run 90 degree to external road, so people can see down aisles as they pass.Start small and Make Your Big Mistakes Early.

We are looking into building or buying a web scraper for the county property appraiser website.