Another bonus question to ask your lender - how many VA loans can I receive?  

The other bonus is a PM has vetted contractors or on staff maintenance guys.

There is a massive explosions of developers all around this area putting up new condos/commercial buildings.4 - Central City Mall, this is just an added bonus.

If you can find something that needs some work than added bonus. 

Here are some details about the property:-Located in Gulf Breeze, FL (12 min to Navarre Beach and 20 minutes to Pensacola Beach)-4/2 with bonus sunroom, in-ground pool, waterfront lake views (I don't see any other properties for rent that include a pool + waterfront views so this property is unique)-Earned $16k as an STR for its first year for May-July 2023-The high-end LTR rate for this type of property is around 3k in my areaHere is the Airbnb listingHere is the pool master BR listing on Furnished Finder (I haven't added the other rooms yet since I'm still not sure if the room-by-room strategy is best)Questions:-Should I list the entire home on Furnished Finder instead of listing separate rooms? 

I like to use very conservative numbers, if it ends up being 60%-75% occupancy then it’s a bonus for me.  

Here’s the numbers - the home is a one story brick ranch with 3 bedrooms and 1.5 baths on the main level, and an extra bedroom/bonus room in the basement.

But @Lane Kawaoka, ground-up developments don't take Bonus Depreciation in year 1 - how would passive losses work for ground-up construction syndications?

 :)Be sure to give bonus points to the sponsors that answer the most questions without you even asking...that should be a good indicator that this isn’t their first rodeo.

There may be a portion of operating capital and CapEx that's returned to investors, but it's safer to treat this as a bonus and not apart of the projected returns.