Either offering a unit or two as short-term rentals available with a space of horses to stay as well; a horse motel is the idea. 

It’s critical you know your docs and are familiar with your terms in those documents.

My long term goal is to get into Multifamily apartments.

If you can check these boxes off you would be able to start buying long term rentals with having owned zero real-estate prior to the first transaction. 

they are good about responding to emails, but may take 6-24hrs and many times they don't answer the question fully so you have to go back & forth a couple of times which is frustrating when you have to wait long times for responses.

Hi, I have started flipping houses not long ago but I think the hardest part for me is finding buyers. 

I would think about this in terms of A) prices to access the market and B) overall market growth. 

The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.

As long as the investment allocation of what you purchase is at least as much as your net sale. 

So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.