You may even want to set up different entities for the different type of activities you'll be involved in to maximize tax benefits.

@Rudy Brown hey guy, no they don’t however I’m in New York check with your lender to make sure you have everything some lenders require even more in escrow when there rehab involved... my last one closing fees totaled 62k really!

There's skill, knowledge, and experience involved that you just don't receive from these discount services.

Plenty people will try to tell you otherwise and plenty will agree... but whatever route you take, you'll find out how the answer applies.

In a partnership I'm involved in where I brought the deal and will be handling day to day decision making and managing the original renovation we are splitting things 65-35 so the partner bringing the funds will make around a 15% coc return annually.

I would think the involvement of any such association could be a hindrance to running a legal short term rental since so many restrict them. 

There are some potential pit falls with that plan (mainly there's a chance that 5% isn't enough to match the work involved w/ X number of doors.

On the podcasts, the term refinance is used frequently but I am not sure how it applies to this situation.

Get involved and meet some people.

I’m wondering if I should take over and rent out the rooms, while utilizing the available equity to apply the BRRR method.