Likely not, but if you don't mind taking the risk and spending a little extra in taxes (from missing possible deductions or misunderstanding the law) then that's ok.

Other option is try to come up with extra money to refi into a long term loan.

It could be any side-hustle you want just as long as you like it and your able to save some extra $$$.2.

Don't forget to factor for this - upon moveout, we reasonably expect to cashflow around $500/mo, which will allow us to maintain and hold for as long as possible to collect appreciation and yes some extra money toward the next investment. 

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

They will charge extra for any extra work performed, but it could be much more beneficial than tying up that much equity in a partnership with someone you don't know.Also, if you ever do have a partnership, spend the money on the front-end with an attorney to get a sound operating agreement that makes the divorce less messy if it comes to that.

I had to scramble to cover the extra costs and it completely threw off my budget for the investment.Another red flag for me is delayed communication.

That’s a big plus for anyone trying to keep consistent cash flow.But there are cons too: extra paperwork, annual inspections, and generally a bit more red tape.

We have been putting most of our extra money into retirement accounts before this.

The lots themselves are located on a State Owned and Enviromentally Protected Lake, would there be extra considerations made?