@Pandu ChimataAgree with @Natalie Kolodij that you should make sure your tax professional is comfortable with STRs.STRs have unique treatment under the passive activity loss rules and unique treatment regarding depreciation...They should also not be reported on Schedule C unless substantial "hotel-like" services are rendered, as noted above.

Whichever will help you achieve your objectives.

Hi BP fam!I ran into a seller who just finished the beginning stages of a full rehab and asked if he would be selling in its current state, he ran his numbers and came back with one that works for the both of us. HOWE...

I say if you're going to reap the benefits of partnership as a starting investor, look for benefits that are unique and not easily offered to you. 

I'm in a unique position.

Unique very specialized niche market of real estate. 

Terms usually depend on the deal but most of our borrowers bring a lot less cash to closing than competitors if freeing up working capital is your main objective.

But since the objective is to build wealth, not cash flow that is not really a con.  2.   

@John Cohen almost exclusively single family homes, there's just not a market for multifamily here, most of the ones seen are previously larger houses chopped up, and occasional duplex.As far as what I've seen on the foreclosure lists, they're traditionally decent quality properties, in decent neighborhoods, definitely some potential for ARVWilmington is unique because as soon as you drop the mailing address, the prices are so much better, and the location could be too.

Hi @James Morgan, Welcome to BP.While real estate is a regional game, LA is a unique market compared to the majority of the nation.