Does this affect the DSCR in any way?

3)  do you recommend a tax attorney that can help us do this process?

This would also increase your cost basis of the property whenever you eventually sell.

Only took 30 seconds to find this website, how much effort are you putting into this?

The person will assist in some prop management but largely the GP will oversee/ manage most of the deal (design, permits, construction, leasing).I would like to add that this person is raising 95% of the entire equity check, not just GP equity 'I would like to add that this person is raising 95% of the entire equity check, not just GP equity'

It's better to work with a trusted, reliable, broker that does this day in and day out for a living than to go at it alone and take an unnecessary risk. 

Will this optimize your tax position or legal position?

Purchase price: $360,000 Cash invested: $18,000 A partner brought this deal to me.

Any advice you can provide would be greatly appreciated1) In the Short-Term Rental Ordinance (Baileys harbor), I found the following:“If the rental of a Residential Dwelling is less than seven (7) consecutive days, the first dayof a subsequent rental of less than seven (7) consecutive days may not begin until the sixth(6th) day after the first (1st) day of the immediately preceding rental.”Question --> Does this mean that we cannot host another guest within the same week if the first guest's stay was less than seven days?

This might be a stupid question but thanks in advance!