If they were involved in the dispersal of monies from rent, I believe the partnership would qualify as a Security under the Howey test, which would be great to avoid on my first house hack.Any and all direction here is appreciated.

@Jonah KolsrudHere're some older threads discussing how to interview a real estate accountant:https://www.biggerpockets.com/forums/51/topics/795929-questions-to-ask-a-potential-accountanthttps://www.biggerpockets.com/forums/51/topics/792277-how-to-test-your-cpas-technical-competencehttps://www.biggerpockets.com/forums/51/topics/528033-must-ask-questions-when-interviewing-a-cpaYou can choose from 20+ real estate specialist answering questions on this forum

No reserves required for 1 or 2 units with FHA.Be aware of the self sufficiency test for 3 to 4 units if using an FHA loanKeep in mind, for retirement accounts (IRA, 401k), lenders will count a certain % of that towards reserves. 

I’m sure that being both an investor and a realtor can test one’s priorities at times.

Not terribly unlike a personality test for sponsors :) From an LP perspective, sponsors hold "the keys to the kingdom" but yet need to "sell" their deals, develop or protect their reputation, and compete in a competitive space, so I guess it's caveat emptor :)

Perc test has been ordered.

Stay positive and test negative. 

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

It's the highest nightly rate and most demand.I think you'll find your answer over time and with lots of trail-and-error, testing high/low rates, length-of-stay, adding promotions when they are available, etc.JasonOriginally posted by @Leon Lee:JasonThank you for the information, which is really helpful!

We need to be comfortable potentially owning it for the amount we are lending on it (if we had to foreclose), that's the first litmus test.