I would try to buy properties starting at a specific date so not large ticket items come up.

specifically AZ, NV TX, UT, WA and CA

Our goal is to establish a structure where the property owner can secure financing based on the long-term lease with the operational company.Any advice or insights from those who have navigated similar situations would be greatly appreciated!

And you are taxed on it.the easy answer to your situation is to complete the full 1031 exchange. 

And you create a situation where you are totally dependent.For most people in the US OOS investing does not make sense, the economic delta is not large enough to justify the additnal cost and management burden. 

I have not selected a specific property yet, but want to at least identify my potential investors.

Let me know if you need help with specific tools or anything else.

One bad situation can harm all the properties.

Here is how we usually handle situations like this: if a tenant communicates with us, we usually try to work something out with the tenant. 

That means clearly calling out 4+ awesome amenities they can’t resist—like “Lakefront Retreat | GameRoom | HotTub | EV Charger” instead of “Charming Cottage with a Beautiful View.”Why It WorksGrabs attention with specifics (people love hot tubs).Tells guests exactly what they can expect, so they’ll click over your competitors.Makes your property unique—no more “cozy” or “adorable” listings lost in the crowd.Try ThisBrainstorm your top must-see amenities.Keep the wording short, clear, and hype-worthy.Swap out any fluff words like “cute,” “lovely,” or “charming.”