These guys operate like flies on the wall.

Originally posted by @Joe Sera:@Christopher Smith when you 721 into the UPREIT you receive Operating Partnership Units (OP Units). 

Does anyone represent a wholesale lender or is a broker that knows of a lender who finances commercial (multifamily) properties that operate as AIRBNBs?

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

where do you operate? 

-The mention of syndication being less risky than HML...I'd suggest it is more risk, possibly much much more since you don't know whether you are good or bad at vetting the operator right now.

I operated in Baltimore city for less than a year.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

The plan is to keep operating the property as a PadSplit post-acquisition.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.