However, from what it seems from your and Greg's replies, I am understanding that regardless of how we structure it and whether or not we ask the other members/partners to pay us anything for managing the business, we will still violate securities law by using our personal time and resources to invest a pool of money that includes other people's capital.

They also include cash secured puts on stocks they like to have and collect premium.

My occupancy level for the year of available dates (meaning not including down time for repairs/maintenance/other unavailable dates) is 43%.

@Gary Tucci,A cost segregation study can definitely be worth the investment, especially with 100% bonus depreciation.Since your short-term rental (STR) is likely non-passive due to your material participation, the bonus depreciation can offset other income, including W-2 income.

In states where the contract doesn't include explicit 1031 language, we advise the client to have the required verbiage in the agent remarks.

Search the county probate court recordsMost probate filings are public.In many counties (including Alabama), you can search online for:the deceased owner’s nameestate filingsopen probate casesIf it’s in probate, you’ll usually see an estate case with a personal representative listed.2.

But one thing that often gets overlooked is that you can get deeper deal analysis at no cost by leveraging a mortgage broker or lending professional as part of your evaluation process.A good broker already has access to the paid software stack most investors do not want to spend money on, including credit risk systems, property data tools, pricing engines, portfolio-level underwriting, rental tolerance models, DSCR assessments, and more.

With banks/CU's, their DS also includes property management, maintenance, etc.

I’m starting my first KC project with about $90K in capital, and my buy box includes: SFRs (3/1 or 3/2 preferred)Value-add BRRRR opportunitiesPost-rehab rents of ~$1,100+Stable, working-class neighborhoods with solid rental demand   Currently looking to connect with:  Investor-focused real estate agentsProperty managers experienced with BRRRR tenantsWholesalers with off-market inventory that fits a value-add modelLenders who actively finance BRRRR projects in Kansas City (DSCR, fix-and-flip, and long-term rentals)  I’d also love to hear from KC investors about what’s working well for you in the current market and any neighborhoods or trends to be aware of. 

Depreciation recapture on the furniture you give up.Furniture, electronics, pictures and all the other moveable stuff that you leave in your old STR cannot be included in the exchange, contrary to what you've been told.