True Passive Income.
Zero Operating Headaches.
A $2M equity fund acquiring a curated portfolio of premium short-term rentals delivering differentiated experiential stays through bold design, standout amenities, disciplined underwriting and proven operations.
Fund Horizon
5 Years
The Opportunity
A $97.5B visitor economy at a cyclical, contrarian entry point.
A $97.5B Visitor Economy
Texas drew a record 129M visitors in 2024 (+5.4% YoY), including $3.0B in direct visitor spending in Austin alone, while home prices sit 25%+ below Covid peaks.
Premium Homes Capture the Best Rates
Four-to-six-plus bedroom properties serve large groups at $1,200 ADR+ - multiples of comparable long-term rental yields.
An Operator Already Running the Playbook
Two live properties, in-house management, a 4.93+ Superhost rating, and AI-enabled operations that scale without added headcount.
Single Family Market Bottom
National headlines cite an Austin real estate crash - but it's concentrated in new apartments. Well-capitalized SFR owners are holding strong at stabilized bottoms.
Regulatory Stability
Austin and surrounding areas have adopted strict licensing enforcement which enables regulatory stability and risk mitigation of surprises.
Zero Development Risk
We take on zero construction or permitting risk - acquiring existing homes and flipping them into high-yielding micro-resorts within 90 days. Speed to market is key to cash flow faster.
The Passive Income Reality Check
Why holding a traditional long-term rental is trapping your Return on Equity (ROE).
| Metric | Traditional Turnkey SFR (with PM) | Rosso Casa Capital Fund I Strategy |
|---|---|---|
| Cash Yield (After Taxes) | 0% - 3% (Texas property taxes eat the margin) | 10% minimum Target (Premium ADRs outpace inflation) |
| Diversification Risk | Single point of failure. 0% yield if vacant. | Fractional scale across 5 premium properties. |
| True "Passive" Effort | High friction. You still fund roofs & HVACs. | Zero friction. You receive a K-1 and quarterly wires. |
| Timeline to Liquidity | 10 - 15 Years (Hope for macro appreciation) | 5 - 6 Years (Forced cash flow appreciation & portfolio exit/ refinance/ 1031) |
Who This Fund Is For
Investors who want single-family real estate returns without operating a single property.
Hands-Off Exposure
Single-family real estate returns with no tenants, no management and no house hunting.
Higher Yield Than LTRs
Short-term rental economics on premium homes materially outperform standard leases.
Tax Efficiency
Cost segregation and bonus depreciation on STRs passed through to LPs on a K-1. Mostly all cash flow will be delivered tax free.
Owner Privileges
Discounted stays at any property held in the fund.
Consistent Cash Flow
Distributions targeted at a 10%+ average annual cash yield in years one through four.
Capital Called On Demand
Capital is drawn only when a deal is identified and under contract.
Defined Exit
Five-year fund life with exit via sale of the portfolio.
Return of Capital First
Refinancing or sale proceeds return LP capital before the profit split.
Robust Pipeline & Target Execution
We ignore generalized data. We target specific submarkets with wildly different, but highly lucrative, experiential demand avatars. Capital is only called when a deal is under contract. Peak season - 6 months | Semi-peak - 4 months | Low - 2 months.
Target Submarkets
Austin | South Austin house
Austin Urban Core
Target: 4-6 BR Luxury Properties
- Festival, corporate and nightlife demand across walkable East and South Austin
- 21.7M air passengers through ABIA in 2025
- Ideal for large groups, bachelor/bachelorette parties, and corporate stays
Profile
4-6 BR, accessible to major attractions
Primary Guest
Bachelor/bachelorette, groups, corporate
$557.8M
ACL Music Festival
75,000 attendees per day across six days, 2025
$377.3M
SXSW
Most recent reported economic impact
$481M
Formula 1 at COTA
Annual economic impact, Circuit of the Americas
UT Austin football and campus events sustain autumn weekend demand
Austin ranks in the top three US destinations for bachelor and bachelorette travel
Dripping Springs | Ranch-style home
Dripping Springs
Target: 5+ BR | Resort-Style Setup
"The Wedding Capital of Texas" - 36 wedding venues inside a 17-mile radius, the highest concentration in the state. Resort-style stays built for large groups, with micro wedding/ elopement-friendly setups on site.
Profile
5+ BR resort-style stay, wedding/elopement setups
Primary Guest
Wedding parties, large family groups
36 Venues
Dripping Springs Weddings
36 wedding venues inside a 17-mile radius - the highest concentration in Texas
Wimberley | Ranch-style home on acreage
Wimberley
Target: 5+ BR | Resort-Style Setup | Dark-Sky Retreats
Hill Country retreat market - Blue Hole and Jacob's Well within 15 minutes. Acreage properties built for resort-style stays, dark-sky stargazing, and wedding/elopement setups add a second revenue line.
Profile
5+ BR resort-style stay, wedding-ready
Primary Guest
Large families, retreats, wedding parties
San Antonio | Houston | Dallas
Opportunistic
Target: Off-Market & Distressed Acquisitions
Selective, opportunistic acquisitions in San Antonio, Houston and Dallas when compelling off-market or distressed short-term rental deals emerge outside our primary Hill Country footprint - underwritten to the same disciplined return standards.
Profile
Large-format homes suited for STR conversion
Primary Guest
Varies by market - groups, corporate, event travelers
Including opportunistic acquisition of one to two operating or distressed short-term rentals in existing locations that meet fund criteria.
Track Record
Two live properties, already producing. Scroll to see both.
Live Properties
1008 Willow St - East Austin
Historic Holly district, walkable to Rainey Street and East Austin nightlife.
4.91 | 22 Reviews | Superhost | 11 months hosting
$273,231
Total bookings since launch
$1,200
Average daily rate
47%
Average occupancy
$179,566
Revenue realised in 10 months
Welcome to your dream getaway in the heart of downtown! This stunning, newly built luxury oasis home offers the perfect blend of luxury, comfort, and convenience. Just blocks from Rainey St, Downtown, East Austin bars & restaurants and Town Lake, the home is ideally situated for exploring the best of what the city has to offer, completely private gated property, with heated pool, hot tub, fire pits, 5 parking spaces, library, and a host of amenities to give you the ultimate retreat experience.
- Launched October 2025 - rental arbitrage model
- 6 bedrooms, 4 baths, 9 beds - sleeps 18
- Pool, spa, fire pit, custom mural, resort-style backyard
- Pool table, ping pong, putting green, cornhole, darts
- Guests: bachelor/bachelorette, large groups, family gatherings, corporate stays
- Additional revenue from paid poolside events
31 W Valley Spring Rd - Wimberley
Minutes from Wimberley Square, Blue Hole and Jacob's Well.
4.91 | 11 Reviews | Superhost | 11 months hosting
$125,586
Total bookings since launch
$1,050
Average daily rate
62%
Average occupancy
$71,951
Revenue realised in 3 months
Welcome to Hill Country's ultimate private retreat. This designer appointed 5BR/5BA luxury home sits on a gated property with panoramic views, a resort style backyard (pool, hot tub, putting green, volleyball court, telescope), a loaded game room, and a kids' playroom. Located in a Dark Sky Community just minutes from Wimberley Square. Families, groups, and stargazers, this one was built for you.
- Launched May 2026 - purchased with a DSCR loan
- 5 bedrooms, 4.5 baths, 9 beds - sleeps 18
- Pool, spa, fire pit, resort-style backyard, volleyball court
- Arcade and games room, axe throwing, kids playroom, stargazing telescope
- Guests: large family gatherings, bachelorettes, wellness retreats, wedding parties
- Additional revenue from paid family events on the poolside lawn
The Operator Edge & Alignment
The operating platform is already built - the fund scales it. Scroll to see every edge.
Total Skin in the Game
The Sponsor commits personal GP equity, dedicates full-time sweat equity to operations, and personally signs guarantees to bear the credit risk on fund debt.
Capped Operational Overhead
A commitment to lean, scalable operations. The sponsor's time, software stack, and daily apparatus are strictly compensated via the Property Management fee. If portfolio growth requires new personnel, those expenses come out of the sponsor's PM fee, not the fund's ledger.
Dual-Exit Optionality
We maximize value-add on each property. By Year 5/6, we exit via a premium portfolio sale to an institutional buyer, or pivot to sell individual assets as high-end residential homes depending on market conditions.
Vertically Integrated Operations
Full-time in-house property management via Rosso Ventures, with two live properties in Austin and Wimberley, dedicated cleaning/maintenance/HVAC vendors, and a 4.93+ Superhost rating.
Technology & AI
A live PMS with dynamic pricing, a direct booking site that reduces platform dependence, and heavy AI automation that scales the portfolio without added headcount.
Relationships That Close Deals
Established DSCR lender relationships, an interior design firm specializing in STR design, and a general contractor built for fast STR turnarounds - two Central Texas deals closed in 12 months.
Anchor Investor Perks - Class A Investors
Early capital absorbs the initial launch risk. We reward that trust with structural perks embedded in the fund.
- Higher Preferred Hurdle for Anchor investors
- Fund-Level Management Fee Waivers
- Lower Minimum Investment
"True-Up" Equalization is executed at subsequent quarterly closes, ensuring anchors are refunded excess upfront capital as new LPs join, plus cost-of-carry interest.
Risk Management & Mitigation
Engineered safeguards designed to protect capital across all market cycles.
Six Layers of Protection
Disciplined Underwriting
Stress-tested financial models that do not rely on aggressive market appreciation to deliver the baseline return case.
Portfolio Diversification & Dual Exits
Multi-asset spread across resilient Hill Country submarkets, featuring dual exit paths (portfolio sale vs. individual residential liquidation).
Operational Rigor & Alignment
Relentless cost control, capped overhead, and an operator whose wealth is tied directly to performance and the profit pool.
Contrarian Market Timing
Buying into a stabilizing asset class during a tactical market window, insulating the fund from broader hospitality volatility.
Zero Development Risk
No greenfield or construction exposure. All value-adds are restricted to existing assets with a tight, disciplined 3-month target to get online.
Regulatory as a Moat
Embracing strict compliance and local regulations (such as active enforcement sweeping out amateur competition) as a defensive moat for our professional footprint.
Interactive Waterfall Economics
Explore the mechanics of our LP-friendly structure. Priority compounding hurdle, return of capital, then an 80/20 LP/GP split.
Estimated Returns (Based on 2.0x MOIC Target)
Total Distributed
$200,000
Target Net IRR
~15.5%
Preferred Return (Cash Flow)
Years 1-6 distributed cash flow
Return of Capital
Paid out first upon refi or portfolio exit
80% Profit Split
Post-hurdle wealth creation
Illustrative LP Example
At a $100,000 commitment (4.84% fund ownership): an 8.0% non-compounding preferred return pays $40,000, return of capital pays $100,000 in Years 5-6, and the 80% residual split pays $60,969 - a total of $200,969 distributed, a 2.01x equity multiple, and a 17.3% net IRR over the fund's 6-year life. Capital is called in two tranches: $39,507 at Year 0 and $60,493 at Year 1.
*Projections are illustrative based on a target 2.0x Multiple on Invested Capital (MOIC) and a flat 10% average annual yield for simplicity. Actual returns may vary depending on asset performance and exit valuations.
Cash Flow & Exit Sensitivity
Year-by-year cash flow for a $100,000 LP commitment, and how total returns move with exit valuation.
| Year | Preferred Return | Return of Capital | Profit Split (80%) | Total Distribution | Your Net Cash Flow |
|---|---|---|---|---|---|
| 0 | - | - | - | - | ($39,507) |
| 1 | $3,161 | - | $434 | $3,594 | ($56,899) |
| 2 | $8,000 | - | $2,156 | $10,156 | $10,156 |
| 3 | $8,000 | - | $3,230 | $11,230 | $11,230 |
| 4 | $8,000 | - | $3,230 | $11,230 | $11,230 |
| 5 | $8,000 | $39,507 | $20,638 | $68,144 | $68,144 |
| 6 | $4,839 | $60,493 | $31,283 | $96,616 | $96,616 |
| Total | $40,000 | $100,000 | $60,969 | $200,969 | $100,969 |
Properties 1-2 exit Yr 5 | Properties 3-5 exit Yr 6 | Sensitivity below scales both exit years; 100% = underwritten value.
| Exit Value vs. Base Case | 80% | 90% | 100% (Base) | 110% | 120% |
|---|---|---|---|---|---|
| Your Total Distributions | $175,685 | $188,327 | $200,969 | $213,612 | $226,254 |
| Your Equity Multiple | 1.76x | 1.88x | 2.01x | 2.14x | 2.26x |
| Your Net IRR | 14.0% | 15.7% | 17.3% | 18.9% | 20.3% |
Nitish Saraf
Founder & Managing Partner | Rosso Ventures LLC dba Rosso Casa
Nitish Saraf is founder and managing partner of Rosso Casa Capital Fund LP and a hands-on short-term rental owner-operator, leading acquisition, underwriting and daily operations of two large-format properties in Austin and Wimberley, Texas. Since launch those assets have produced $385K+ in bookings in under 10 months. He brings 18+ years of enterprise commercial leadership, business development and sales across Fortune 500 energy organizations, with over half a billion dollars in agreements closed and a multi-billion dollar pipeline directed - translating into disciplined underwriting, contract structuring and lender negotiation. He executes his business from a Houston base. MSEE, UT Austin; licensed Texas PE.
2 Properties
Austin & Wimberley, TX
$385K+
Bookings since launch
18+ years
Enterprise Commercial Leadership
$3M+ AUM
And growing