This is not a rescue type situation nor a new development type situation but rather an existing high occupancy project, but why can't a sponsor raise enough common equity?

@Wiley Strahan..there is a gap for this type of financing, but it doesn't mean it doesn't exist. 

More importantly, every municipality that allowed for Airbnb investment properties and then switched and banned them also grandfathered in existing licenses.

Taking over the property subject-to (Subto) the existing mortgage is an advanced tactic and can be highly effective when cash flow or equity potential is strong.

Contacting other drywallers in the area to provide estimates to complete and remediate the existing job.

The market here is kind of saturated with arbnbs right now.

Smartlocks are expensive, I hate to have to switch them out each time a tenant leaves because they have an existing key.

Existing investors, please share your thoughts. 

You are probably looking up seller finance and sub to and ignoring getting the best tenants into your existing property or finding ways to upgrade the cash flow.

We source off-market deals, pair them with investors, and then hand hold through the rehab and city inspections when things are complete.We have existing contractor relationships and a team on the ground to keep tabs on things and keep you informed along the way.