I recently was finishing a rehab that in terms of budget was my worst ever (not ideal at my experience level but shows even those with experience have learning opportunities) but was still feeling generous to a local newbie.  

Ideally, if they have other properties, getting collateral on that as well. 

Or homes with ADUs in the back (which is ideal, but SO expensive in this city)?

Having new “strangers” move in regularly is not ideal especially for SFH LTR renters.  

The property was located in a desirable area with good market demand, making it an ideal candidate for a fast transaction.

to get to the point, i would find an area likely to experience more demand and ensure the financials work out for both MTR & LTR's. i would ideally start out with a fourplex and depending how that goes, possibly scale from there. i do believe that it is more traditional to syndicate on larger properties so i am wondering if you know if it is possible to syndicate, starting off, for one fourplex or even one MTR condo. my gut feeling is to start with one beach-front condo in florida that requires $37,250 down . a new construction fourplex, however, i could finance with a USDA loan myself and not have to consider investors so that may make things easier, possibly.no airbnb's. maybe VRBO. two week minimum stay. only in areas very likely to have housing demand due to new factories being built.i own/run an STR right now and it is going well with only the occasional hiccup.

I’d ideally like to keep the property management financials and operations completely separate from the employing broker during that period.

For the most part, I deal with a broker that underwrites 40-50 companies, so we have choices and I can make a decision then

One makes a profit (ideally) and one serves a need, real or imagined.

But this really isn't ideal, as after that lease is over you may be stuck with nothing.