Most deals like this require you to only involve people you already know and have an existing social relation ship with.What slice of the deal do you expect to keep?  

So essentially you end up doing most of the work for a small slice of the referral fee on someone you handed off to another party.

Slicing and dicing a mortgage or a loan to a company can become an unregistered bond.

No matter how you slice it, you are going to have over or near $2500.00 PITI.

The purpose of a portfolio like this (or this slice of a portfolio) is to have the law of large numbers take effect (it is unlikely that all of your tenants will die in fire/lose income source/go to jail) in the same month.

Sounds like your guy is just high priced no matter how you slice it.here is an example of my last bill for $125.

What I see most folks do when they are starting out .. they want to do these deals like they are a very seasoned or experienced syndicator / investor and are looking to make the lions share and finding the cheapest capital they can find.. this is all well and good unless you never find the capital and never do the deal.So when starting out and if these are the types of transactions you may want to repeat.. you need to turn the tables you need to make it so good for the investor they simply can't say know.. you give the investor the bigger slice of the pie.. and thereby secure your first big deal.. once you gain experience and track record you can then start to increase your return and lower the Private investors return as they are aligning themselves with an experienced and successful operator.

If you owned a pizzeria would you let a group or even one rowdy person coming and grab a slice of pizza everyday and walk out and not say anything.

And now for the icing on the cake: after the recent Pa Supreme Court decision (Slice of Life vs Hamilton Twp), all of the Townships in the Poconos are in the process of regulating STRs in residentially-zoned areas (limiting # of STRs, imposing length of stay restrictions, imposing annual rental limits, imposing home inspections for STRs, etc, etc)Poconos are great if you don't mind operating in an area with a tremendous over-supply of housing.

No matter which way you slice it, there are sunbelt regions with better favorables on all points.