Retained 33% of the building including hotel, 2 condos and 1 retail unit Lessons learned?

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.

There are lower priced properties that will still rent at a nice profit market when including mortgage, taxes, other expenses.

These include fix & flip and DSCR rental program that don't require tax returns of W-2 jobs, but rather uses your credit and property income to qualify.

Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.

These investors are asking me for a business plan that would include: returns, percentages, equity stakes and more.

Some alternative strategies include requiring renters insurance with pet coverage, conducting thorough inspections before and after tenancy, and establishing clear guidelines for pet behavior and care in the rental agreement.

there are tons of websites that sell leads or have market data including preforeclosure. 

We partner with 15+ booking channels some of which include Marriott Homes and Villas, JetBlue and Allegiant Airlines, Airbnb/VRBO (of course), Booking.com, and soon Hyatt and AmexTravel. 

Here is what I was quoted :$240k structure coverage + 25% ($60k) (I imagine ARV to be ~$120k-$130k)$2500 personal property$24k Rental coverage (I'm expecting ~$1300/month so this may be high)$300k liability insurance (Although it's $1 difference/month for $1m)Sump/water pump coverageTotal = $117.72 This quote included the deductions for an alarm service and fire alarms equipped throughout (Do y'all usually equip your rentals with alarm systems?)