Most of the funds have a structure with pref rates and good performance split.

@Ashley Tarver,Thanks for the question.When you sell a property that you are occupying as a primary residence, unfortunately you are no longer eligible to perform a 1031 exchange.  

I lend as a 2nd lien holder (in Florida mainly) because the returns are huge but I am comfortable with high risk as well. 

Typically high interest like 10%-14%, maybe more if it is a 2nd. 

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

Look at the performance and try to optimize your portfolio from there.

Generate a list from propstream of the kinds of properties you're looking for (high equity, certain size, location, age, etc).

All these STr regulation is actually protecting the owners of STR because the supply is limited.Tax was also not that big deal.If we purchase STr in Tahoe , every county has very different rules and the permit has limit while in Hawaii as long as it is in resort zone, we will get the permit.Also another good thing if we buy at the correct spot the appreciation is so good this is actually the best performing market after CA.

The corner is the highest profile space and makes that building look less vacant (if you filled it), plus theatre goers would have to walk by all the other store fronts in order to get to the performing arts theatre and regal so that would add foot traffic. 

Note not tax advice, this is more for the high income earner...Simple Scenarios: Using TurboTaxPrimary Use: TurboTax and similar tax preparation software are best suited for relatively straightforward tax situations.