If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

You'll need something like 125 units netting $200 per door to get there, that's about 10 million worth of multifamily in today's money, so you'll need about 3 million in down payments.

Depends on what you have to pay for your money, may not be worth it.

Record keeping and providing evidence are the key.Airbnb: toilet is reported as clogged on 4th day of 5 night (6 day) guest stay.  

I don't know how that business could survive long-term with such low rates.If those numbers are accurate and you can net $38,000 a year, then it's worth holding onto.

Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.

Assuming the property is worth much more than they paid for it don’t let them give it to you.

With the potential for a small financial loss on your end, litigation would certainly not be worth the hassle and expense.

Build a solid track record with these properties before proposing larger moves.Leverage your commercial experience to identify growth opportunities, and start building out your team.

Is the cost of retaining an in-house attorney still worth it?