To add an additional layer of complexity I am under contract to buy land and build another STR.

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

As @Kyle J. described, you're adding a lot of complexity (and closing costs) on a hypothetical. 

For residential - just making it more complex come tax time.

Or keep it as a rental and hold for that sweet ever growing appreciation. 

Short-term rentals can offer higher returns but often come with more management complexities such as higher turnover and seasonality.

Its pretty sweet.

A collective approach could put more pressure on the syndicators and make legal action more feasible if it comes to that.Unfortunately, these situations can be complex, and getting your investment back may take time and effort.

Hi Vincent,A fair finder’s fee or "kickback" for an off-market deal typically ranges between 1-3% of the purchase price, depending on the complexity and value of the deal.

There are 5 other units in the same complex for sale-ours is the lowest price.