Your tax advisor is spot on—writing off a luxury car for your short-term rental (STR) demands solid proof of business usage; slapping a logo on the side won't cut it.The IRS lays down strict guidelines: the car must be regularly and exclusively used for business, excluding occasional STR trips or grocery runs.

I think you're saying that the GPs get paid on the exit, so they don't care if there is any cash flow during the holding period.

Don't forget 1.5 year of holding time is generating about 60-70k in positive cashflow which gets distributed quarterly.

The challenge is to keep holding onto the property over the next few years.

@Jay Hinrichs  The dump trailers hold their value . and its so nice to back up at the landfill right next to a guy hand unloading shingles , open the gate and push a button .

(Holding)12 luxury condominiums (sold)6 commercial spaces (5 sold) (1 holding) What made you interested in investing in this type of deal?

What tools are popular go to's for comparing US Real Estate Markets in the interest of choosing multi-unit long-term holds towards building a Real-Estate Portfolio? 

Investment Info:Single-family residence buy & hold investment.

We are looking to purchase our first property this year, specifically a SF/MTF buy & hold in the Cedar Rapids or Iowa City area. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.