These days I bet because no one builds them they probably cost more than a traditional. 

Hi @Guy Idan, like others in this tread said, is important that you "vet" the Syndicator (aka sponsor) - every component of the syndication is important (the property location and the local economic drivers, property class, the loan type, property management company, the sponsor, etc.) but I would say this is more as a bet on the jockey than on the horse.

I bet since you spend a week there you probably are in this 5k  now if you give up you wasted that money.

Operating expenses are routine and necessary costs to keep the property in its ordinary operating condition, and they are typically deductible in the year they are incurred.You also mentioned the benefits of classifying something as an operating expense versus a capital expenditure.

It is intended to be a high level report to give hosts & investors insight into STR data for US markets and help with insight on how to set up your property to stand out versus your competition.  

bridge would be your best bet from a private lender 

Then, things may be different for some of our out of town investors versus local ones, too.

.- a cash offer could be extended to obtain a discount at purchase that could be refinanced after purchase- a high cash flow low appreciating market with historical appreciation below the appreciation rate can benefit from the increased cash flow of 0% LTV versus the little benefit (in this case) of the increased return that could result from leverage.The reality is that many cash purchases are not unleveraged for long.  

Taking that money out and anything that leads to more people using the equity from their homes and reduces the friction to that process is not good in the long run.As a NPL buyer who buys 1st position mortgages, we do watch stuff like this carefully as the moment these borrowers get high CLTV's any drop in pricing and change in economic conditions will lead to more foreclosures versus bankruptcies.

From your post, I am not sure you need a mentor in the same sense that many syndicators offer mentorship, versus a more traditional mentor.