This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

It is typically caused by excess humidity (showering or cooking) and can be resolved by teaching the tenant to use ventilation fans and airing out the home once a week for 10-15 minutes.

they are typically for HNWIs looking to diversify. 

And these tenants, typically, were rougher on the property during their tenancy, so those more frequent turnovers cost more each time.  

Also for reference, pretty typical SFH flip type properties in my market are about $300k - $400k price tag.  

Is that what you typically recommend for an investment property, or would there be any flexibility depending on the city or type of property?

You typically can't change the responsibly part on a loan, you'd have to refi. 

or an income play which typically provides lower yield because they typically inherently have lower risk

If you can do a renovation loan with 203k or a homestyle loan to house hack a 2-4 unit multi-family, that typically has the highest potential for equity gain with the lowest cost.  

They are difficult to finance and once the profit split with the hotel plus other fees are deducted from the gross they don't typically look like very good deals.