Hello
My spouse and I are exploring the idea of purchasing a short-term rental property, primarily for the tax advantages. We currently own a couple of long-term rentals, but due to income limitations, we’re unable t...

It seems to be a low income cultural thing, maybe for cost effective privacy.We like to use wide slat inexpensive blinds on all windows.

Any profits were split:50% to project manager (my wife and me)50% to equity partnersTherefore, I effectively kept 75% of the profits since I was due 50% for management, and the 50% of the 50% for the equity.  

Effectively, you are taking post-tax money, running it through your LLC.

Sound right? 

It makes sense that building on land you already own is easier and more cost-effective than buying elsewhere.

This will enable you to gain knowledge, experience and contacts in the most efficient and effective way possible. 

Investor Relations: Does it help you manage your capital sources and communications effectively?

And that would also hold a vengeance effect because holly cow that happening to a sponsor, wowzers.

I would caveat one other cheap effective asset protection piece: get a good umbrella insurance policy.