This will allow for you to cleanly pursue an eviction if ever needed.

We are renting out 3 rooms atm.

The older parts of the city will have this type of housing as the newer portions will have more traditional family-style living.

I’d love to hear from anyone who’s been in a similar position or has advice on how to approach this.

I've completed quite a lot of BRRRR deals here myself as an investor so I help my clients in and out of state do the same.

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'

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.

How would I go about acquiring this property?

This fast turnaround highlighted our ability to identify profitable opportunities and act decisively, creating value with minimal holding time.

I’m going to lend  to a few people I know with LLC ‘s  on some mortgages and receive interest , I am not putting myself out to public lending just some commercial loans as LLC single member pass through  , do I have to pay local taxes in Florida , I have no brick and mortar , no employees , just LLC in Florida and live in Texas , there is no work involved I just receive interest .