So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

They didnt seem thrilled about the idea but didnt outright say No, either. 

I'm not quite sure as i've never been in this situation before, just throwing an idea out there. 

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

I've also consulted with a lawyer but wanted to check if anyone else has ideas about how best to go about this. 

So the idea of doing this all from afar is a bit daunting, however, I know the most important thing here will be to create a great team and outsource as much as possible.I have set my sights on a couple of different markets being in the Southeast and the Midwest; these markets seem to provide the cash flow I am initially interested in generating to value add to the properties I purchase.

I’m exploring the idea of buying a vacation home near Yosemite, which I also plan to list on Airbnb.

First thing I'd do is check comps to get an idea of the demand and rates you can charge for your condo as a MTR.

Based on how they respond you have an idea of what they are willing to do and you can now go and find that property.  

I have an idea of an initial investment and returns I would like to hit, but would love to speak with those of actual experience to see if my numbers are realistic.