Of course the worst case is actually getting lawyers involved and I wouldn't go that route I just wanted to make the basic contract law argument about the PoA's limitation. 

A lot of people under-estimate how much work is involved with owning real estate, especially if you go the route of self-managing.

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

These programs very commonly involve restrictions and conditions on use, refinance, or resale of the property. 

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.

The STR is a lot more work and even if you get a manger, you may have to be involved.

As a bank will be involved I am trying to think of the best way to structure this. 

What financing options are available when partnering with a solo 401(k)? Can you use conventional loans, or does the loan need to be non-recourse?

It’s crucial to negotiate terms that benefit both parties, involve a trusted attorney and title company, and conduct thorough inspections and market research to ensure a solid deal.Good luck!

Taking pics of each wall, can be too many pics and a very large file/pdf to share with the tenant.