In the meantime, if you have enough people participating, you could earn interest off of that money all year long.

We are both busy professionals and don't have time to materially participate, so are not looking to do the STR loophole.

I do have some trepidation around the competition in the Orlando area for STRs, but I'm hoping since I am playing in the higher end of STR properties, I'll be able to stay cash flow positive/stay ahead of the game.I'm a high W2 earner (near seven figures), and am planning on satisfying one of the tests for material participation, so I can get some cost segregation / bonus depreciation for year 1 against my W2 income. 

I have not participated in a reverse transaction personally.

Many new investors look to turnkey to get started, as it provides an entry point that requires less hands-on and allows an investor to participate in markets that offer higher returns.

That might not make sense, so here's a simplistic happy case example that ignores lots of expense detail but gets the point across:Purchase: $400k  ($40k from you, $360k from me)Reno: $100k ($100k from me)Sale: $600kTime-to-Sale: 6 monthsUpon sale, you get $40k back and I get my $460k back.Gross Profit: $100k (you get $50k and I get $50k)I get 8% annual return on my money ($460k * 0.08 / 12 * 6) = $18,400You get 8% annual return on your money ($40k * 0.08 / 12 * 6) = $1,600Net Profit: $80k I get a check for $50k-$18,400 = $31,600You get the restIf there's plenty of profit, we both participate in the upside and everyone's happy. 

Don’t know much an about LD’s Inv heloc product but I’d assume it’s on par with the only other few lenders I know that participate right now.

I am going to participate in 2 of them.

@Ken Latchers I would say your advice is "absolute terrible" to a person looking to run 1 unit as a passive investment.As a very active participant in STR management I would HIGHLY advise against pushing out to more platforms in the name of "increased bookings".

While it will not be a requirement to be a member of the Greater Johnstown Landlord Association to participate in the program, preference in scheduling will be given to members first.