@Brittney Yang To structure a short-term partnership for your duplex investment, establish a joint venture or LLC with clear roles, responsibilities, and a timeline for dissolution.

Also, I’d love feedback on if this dataset would be useful in your own STR acquisition workflows.

We put together a Joint Venture, you be the boots on the ground, I be the brains and teach you how to do these and we split the difference if successful.

Once you’re both comfortable, you could explore joint ventures or even consider co-investing through a partnership later.

I’ve helped a number of new investors understand how to venture into real estate and find ways to maximize profit, and I know how valuable guidance and collaboration can be.

This was a costly venture that, combined with several months of lackluster performance, did not allow for distributions to our shareholders.

Where the parties to a venture join together capital or services with the intent of conducting a business or enterprise and of sharing the profits and losses from the venture, a partnership (or other business entity) is created.

I actually own a construction company myself and right now I’m gathering feedback from professionals and investors to better understand both sides and improve the quality of service we provide.Your points about scope changes, micro-managing, and payment timing really resonate — these are definitely situations that can affect both trust and workflow.

They can invest cash or retirement funds into your venture.

This is a really exciting spot to be in and it sounds like you’ve put in a lot of thought already which is huge Most importantly since this involves family and money I’d suggest putting everything in writing and working through the numbers with a Maryland real estate attorney so it is fair and clear for both of you A joint venture or LLC with ownership percentages laid out can help avoid misunderstandings down the road Make sure you confirm rental licensing requirements and lead paint compliance if the home is older and definitely run cash flow projections before finalizing