This was all negotiated and the ISP will complete an analysis for each situation so this deal may not be repeated for multiple properties.  

Hi Joel - I have family that live in Sunriver, am there often, and I was just looking at STR options and went through multiple properties there over New Years as well.

That’s the exact friction point I’m trying to solve.Currently, there's really no easy way to track a specific Maintenance Task historically.PMC's use Work Orders (WO) for tracking and it's very common for a WO to have multiple MNT Tasks in them.So, then it becomes VERY difficult to track a specific MNT Task in the past - other than a person's memory.Speed: seems 80% of MNT Tasks tenants want fixed ASAP, which is just not possible.Cost: owners have unrealistic expectations of MNT costs.

I would go after STR in markets that attract multiple client types so if there was change in laws MTR switch is possible.  

You could consolidate and sell multiple properties and a 1031 and purchase a larger investment property, like multi-family or commercial, if you wanted to scale your RE portfolio.

This is a business with multiple moving parts, and anything can happen at any time.

Multiple things can be true at the same time.

I borrowed that multiple times for both down money and rehabs, repaid it and borrowed it again. 

Charlotte is competitive, and deals that look fine at a high level often break once you stress-test rents, expenses, and capex under conservative assumptions.Before jumping into partnerships, it’s usually worth being very clear on your buy box, target leverage, and tolerance for execution risk within the exchange timeline.

In most cases they needed to be purchased years ago when prices and rates were low or owned in multiples if someone is looking for this as their income.