So I own a triplex with 2 of the units being managed by a PM and used for Airbnb and myself living in the third and I have 20% equity.

Investors connected and contacted me from BP the third week of May, frustrated with their STR search due to licensing restrictions, but committed to finding a coastal second home eligible for vacation rental usages before the end of summer. 

We're at the point where P&S has been signed by all parties of both transactions, and we've been approved for a mortgage by Salem Five.

But after that ... hell, move out and you've got a duplex in what otherwise would have been single-family zoning.As it used to be in Denver and Colorado Springs and most cities in the state, you could rent an ADU separately when you live there, but once you moved out, you legally could only rent the whole property to one party. 

In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.

Inexpensive and you have access to education resources and the best part is networking with other broker/owners in the facebook group where you can really accelerate learning.

A 401k does not require a custodian or a third-party administrator (TPA), and you don't need an LLC to have checkbook control for your 401k.

Don’t really understand how it will work and at this point I need a third party point of views.

My second long term was just purchased via a 1031 exchange after selling our third short term rental. 

I would have both parties involved, especially if it is a complicated nesting structure.