We would prefer to not sue and make the overall process as non-litigious as possible.

It looks to me like you would be essentially giving WWC a loan to be paid back through the property's earnings or a refy or a sale...and then you would get 65% of all proceeds after you get your invested capital back...Most syndications I have seen, the sponsors offers a preferred return (6-8%) on the investors' capital until the capital gets repaid in full.

Good idea, I prefer that to be kidnapped at a coffee shop, thank you for the advice Sherri!

I only want two chains at most, but preferably direct to seller.

Otherwise, considering our past use and preference over hotels, this is an ok cost.  

I'm beginning to take interest in buying a single family rental or a small multi-family as a preferred strategy. 

Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI)  and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.

I plan to live in one side and rent the other out for at least 2-5 years then will either get a property manager (preferred) or sell.

To succeed, consult with a local realtor or property manager, split utilities/responsibilities, and explore niche rental platforms like Hipcamp.Good luck!

@Zachary Hadjah It would do you well to take some time to study in depth the lease/option, rent to own niche.