I am looking for some best practices regarding the lease.Do most STR require 30% down and final payment before the stay? 

What really stood out to me in this book is how honest, practical, and entertaining it is.

What really stood out to me in this book is how honest, practical, and entertaining it is.

Need expertise in creative financing and associated documentation. 

I was a successful bank executive and I decided to invest in a side business that was outside of my field of expertise.

My goal is simply to ensure fair pricing, transparency, and proper management practices. 

I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).

That’s a solid opportunity, but you’ll definitely want the structure nailed down early to avoid tax headaches later.From a tax side, the cleanest option is to form a joint venture LLC where your friend contributes the property and you contribute the construction funds and expertise.

As far as the question regarding the valuation methodology for the practice... typically practices are valued based on a percent of previous years' collections, a multiple of EBITDA or a combo of both. 

Hoping someone with 1031 expertise can help me here.