One way would be to get the real estate under contract, then bring an experienced partner in who also has access to capital, and stay in the deal as a minority equity partner.

For experienced investors who have done 5+ similar rehab projects, I can lend up to 100% of the purchase price and 100% of the rehab on light 1-4 unit rehabs. 

I would get more details on the numbers and go through it with an experienced investor. 23% expense ratio is laughable for any apartment building, let alone an old class c product.

You've definitely come to the right place to find resources and connections.Here, you'll find several knowledgeable and experienced agents who can help guide you in securing the right property.

I talked an experienced investor and he said $300 to $400 for San Francisco - the insurance company is going to go with the less expensive costs.

It may be worth having an experienced professional helping you and you could always try to get the seller to pay your agent’s fees.

There are tons of threads here on BiggerPockets where you have a new investor bashing a property manager, seller or turnkey guy and then when the experienced investors chime in it becomes very clear that the new investor wasn't telling the whole story and there typically wasn't any wrongdoing by the property manager, seller, turnkey guy or what have you.

- Good source to find reputable and experienced small multifamily builders once we firm up a specific market?

What challenges or successes have you experienced?

All this to say they are getting serious about permitting so if you are planning to invest in San Antonio in the short term rental space, MAKE SURE to check that the property is eligible for a short term rental permit given the density limits above and have a Realtor experienced with the San Antonio permitting requirements and rules.