Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Airbnb is now making things more uniform, in the past, some hosts paid different types of fees (for example, a separate guest fee or a single host fee).

As I mentioned above, if you're not registered as a HML or lender and you are charging fees as a lender, you're in violation.

Airbnb can increase fees without any visibility to the guest. 

Rates and fees tend to be higher, and guidelines can vary quite a bit from lender to lender so flexibility and clear communication are key.What I personally like is how they allow deals to stand on their own merit.

If you want development/investing, stack experience now: join a local sponsor or GC, underwrite 1–2 deals a week, walk sites, and learn entitlements and capital stacks.

You can win the world series by just stacking up singles and doubles, over and over.

I love the concept of the stack method. 2 units to start and prove you can do it. 4 units next to start scaling and keep pushing from there!

Best method is stacking targeted lists and consistent outreach.

These syndicators are less likely to field questions or scrutiny from potential LP's on track record, capital stack structure, GP equity investment, fee structure etc.