Alternative money raising strategy-thoughts on this one?

[Shiv Jey]

Found a property in a great area. Conventionally rented out after 55% expenses and taxes etc (ran numbers conservatively to be safe) will make about 12% cash on cash if financed.

Found some guys who live locally there and work in PM for 4 years and are breaking off to make their own PM company. New and hungry.

They offered to fully manage the property as an Airbnb. They will pay us 30% cash up front for a 49% equity stake in the property I retain 51%. If they don’t perform for three to four months I can fire them and revert back to traditional buy and hold with the bigger established PM company but they retain 49% ownership.

As an Airbnb prelim math says I will be out of the “red” in 2-4 years. But I get a property 0 cash out of my pocket. What do you guys think?