Finding a partner in real estate can be a great way to leverage your skills and resources, share risks, rewards, and achieve your goals more efficiently.

Detroit and Vegas both look like great investments, but are slightly higher risk-reward than I'm looking for.

Show your charm.

Now Mr Troll, I reward you with the lovliest feature on BP, the "ignore".  

I know a bunch of STR landlords in Pittsburgh and they just started STR and Air B and Bs never asked if it was permitted.I dont think being cautious is a bad thing but weigh your risk verses reward and your options.  

"Higher the risk, higher the reward" sums it up.

What do you feel has been more rewarding by the way?

Instead, understand the risk/reward of the different options (debt versus equity, core versus core plus versus value-added versus opportunistic, residential versus commercial, retail versus office versus industrial versus multi family etc.).

With the current environment in regards to evictions there are just too many risks compounded by the fact that you get additional risk in general with zero reward.

Here are some potential terms you could consider:Management Fee: 1-2% (just to make sure you get paid for your efforts)Preferred Return and Incentive Fee: 15-20% incentive fee over 10-12% preferred return to LPs (this is so you get rewarded after LPs get a certain rate of return upon exit.