A formal business built on this seems overkill as you’re essentially paying someone for a service that already has standard model.If you and the parnter have distinct business tasks/abilities (i.e. not what you would hire an agent or contractor for), such as off-market lead generation, that’s a different discussion.

Buying a second home to rent out is a solid strategy, but be sure you understand the cash flow, including mortgage, taxes, and potential vacancies.

After reflecting on a strategy someone used to buy 15 short-term rentals off-market in just 12 months, I thought of an idea.

.- 8% preferred return ($8K to investor)- Remaining profit split 65/35 ($22.7K to investor, $27.3K to you)Each structure has its pros and cons—what's your go-to strategy?

There are definitely areas where you could repeat a similar strategy but with even better cash flow.If you’re ever looking at growing your portfolio elsewhere, I come across off-market deals that could align with what you’re looking for.

You should jump into the weeds as long as you have a few exit strategies, know the market, have a stable 9-5, and emergency savings.

@David MartinezA quick search on furnishedfinder.com shows a bunch of available midterm rentals in that area so you can use those to help guide your price and strategy.

We never set a flat fee rate just out of a whim, or price strategy, it's part of the operational strategy which is different, as it's all about efficiency. 

That's a dangerous strategy, and one most would advise against.

Also, banks typically use a valuation process that does not favor the BRRRR strategy.