On the demand side, ability to pay rent is a function of a renter’s income, while as home prices are a function of interest rate and income (people buy the most expensive house for which they can afford the mortgage payments).

@Julio Chacon JrWe choose vacation markets, and then pick the areas that we like to personally vacation at ourselves to take advantage of function stacking. 

Usually those two functions (even in those cases) are kept separate. 

We are considering doing a management rotation since by week since we both live relatively close. 

By looking out of the area, an individual will generally end up chasing yield, and with yield being a function of risk, combined with the unknown in a market they dont know, that just amplifies their risk without them realizing they are doing so. 

STRs do have liability with the rotation of guests so its important to ensure the liability is removed from you as the owner and contained in an LLC. 

There are lots of solutions and most of us provide the same features and functionality. 

I would really like to change with Tankless. as tankless will give me lots of extra functional space. 

Depending on how the holding structures are created, JV functions the same as any LLC.

 A cashier's check is the functional equivalent of cash and each check is not.