Give them a portion of the profits from the STRs and have a buy-out clause when you have the funds to refinance.I am sure there are many other potential options for you to look into, but just off the top of my head these 5 came to mind.

Why not take the profit without the tax hit?

"How in God's name do they plan on making a profit" would come out of my mouth all the time.

While you might lean towards long-term tenants for stability, short-term rental platforms like Airbnb can yield higher profits if the building allows it.When you get to Miami, I’d recommend visiting a few meetups hosted by South Florida REIA.

My guess is that it won’t actually take you a lot more time, just the extra fees, but those should be accounted for in your profit calculations 

All in all, everything I analyze from wholesalers, independent and large, are only giving about a $20,000 profit.

I found a killer deal, put 1k down as EMD and then wholesaled it for a nice profit. 

As is, it looks like the duplex would lose about 10k a year while the fourplex profit about 1k per year...that said Jersey City heights (duplex) is not rent controlled and would appreciate more than downtown Union City.

Equity paydown and modest appreciation would result in a small profit; not enough to justify a non passive investment but i will own a killer cabin.  

Delays like this—especially in probate—impact our timelines and profitability.