A question I have is where can I network and meet real estate investors who are where I want to be? 

Also you’ll need to check with local ordinance if converting to boarding house is legal and steps needed to do so (you don’t want to pay assuming those numbers to only be told you can’t do it)you hml money you can roll into your conventional loan but you’ll need to understand the scope of time from the Gc to make sure it’s feasible 

Use this as an opportunity to meet listing agents and get on their buy list!  

You will need a rockstar team, you will need to spend money on corporate “stuff” especially legal to review agreements, contracts etc also get rid of gmail email addresses etc3.

Meeting the test criteria, which includes working over 500 hours in the business, overseeing all necessary tasks personally, or substantially participating alongside a partner, facilitates the strategic utilization of the short-term rental tax loophole.

The other spectrum is when the investor plays attorney and did not run it by an attorney and realizes they did not understand the legal process and are like “wait, I bought this thinking I could do X but I cannot because of Y”, - and a common response is “your attorney did not advise you of this in due diligence” and the response is we did not use an attorney.

Consequently, we are seeing more loans get approved at 65%-70% LTV because the properties are not meeting the debt coverage ratio with today's interest rates at 75%LTV.

Is something like what you are describing permitted legally? 

If anyone is interested, I would love to meet up. 

I just don’t want to create legal issues or headaches for the future, but I cannot continue to work with someone who is not proactive enough.Please help me with your insightful advices.