The hard vs. soft pref distinction is also key since many operators don’t realize how different the control triggers are until they’re in the documents.Appreciate you adding this level of clarity to the thread.

When your capital is tied up until refinance, the key is to borrow someone else’s funds so your deal flow doesn’t stall.

The key is finding one who won’t just do what you ask, but will walk through all the options with you, sometimes there’s an even better path that aligns more closely with your goals.

Key Requirement: Non-Rental Activity Classification For material participation to allow active loss deductions, the activity must first be classified as a trade or business, not a standard rental activity.

I just worked on a bougie Marathon Key Property and he did not have either.

Material participation and renting the property for 7 days or less are the keys. 

I built my MTR systems so well, I can manage everything while traveling — no emergencies, no chaos.Here’s what I use:-Guesty or Hospitable for messaging-Breezeway or Turno for cleanings-Google Drive for standardized check-in/out docsAutomation is key.

The key lesson: with solid planning, strong funding, and consistent oversight, even major rehab projects can lead to exceptional results.

With such little visibility into key indicators this past month, the release of delayed economic data will be critical in shaping expectations for the remainder of the year.

The best move at this point is probably to try to do cash for keys if you can get lucky enough to pull it off.