I bet if they found a subsurface problem, I would own those. :-)ps.

I bet they were valid.

Your best bet is probably to get your real estate license and start actively being a real estate professional or buy a STR in your market that you can physically be at on a regular basis. 

Your best bet for that size will be local banks and credit unions, good luck.

Your best bet is to read information from public blogs that approach both options objectively.

Hey @Mike Pepperday, AirBNB and VRBO are your best bet to see what kind of demand there is for STRs in general.

Your best bet is to find one that has flexible membership options, without high spend requirements.

Plus I bet the contract calls for mandatory mediation.. if the parties cant agree..

Even at $60,000 a unit - that is a $1.2 million deal... and realistically I bet they will be over $100,000 each... all just a guess... but when you get into these price points and you are "new to real estate" as your title in your post suggests - I think you are probably getting in over your head for a first deal.  

I'm willing to bet that there are more instances of contractors burning investors than the other way around.