My background is as a structural engineer (licensed in ~20 states), and over the years I’ve seen firsthand how engineering/design input can make or break a value-add project.I’m curious how others here have structured partnerships when one partner brings specialized skills (like engineering/architecture, general/specialty contractors) in addition to capital.Do you attempt to treat them as a straight equity partner, as a reduced cost service provider with upside or something more creative?

With stocks, you’re getting a nice steady return, but you’re not really leveraging that money to grow exponentially.Now, if you jump into something like a BRRRR strategy in real estate, you can use that same money, leverage it, and potentially see your returns multiply a lot faster.

-If this makes or breaks the deal, it's not a good deal.

And no we have no plans to rent it for a year or to turn it into a rental at all, as we need the money from the sale to pay cash for the next primary.Please share approximate numbers because your question is not clear.Here is a super simple example.

I have begun to collect and really learn more about the art of Bourbon and have taken a break from reading books about  Real Estate for a few months to reset a little and have dove head first in to the world of bourbon.  

Sometimes the extra rent more than covers it, sometimes it takes a while to break even.It really comes down to your goals, if maximizing cash flow is the priority and you’re okay with being more involved, it could be a solid move.

What are you trying to achieve, when, and how much work do you want to put into it?

It allows you to deduct part of the property’s value each year, which can reduce taxable income even when your rental breaks even.

@Christopher SchulteCongrats on taking the leap into STR investing, Christopher!

You can be upfront about the him/her breaking a door, but owned it and offered to pay.