This is my first post, just looking for guidance, not sure what I need to provide, but I'm sure someone may have experience with this.Thank you!

Really appreciate any insights that you can provide!

Sharing your goals can help others provide more specific advice! 

Hiring a lawyer sounds expensive, but it is way cheaper than hiring a amateur (in this case yourself) who costs you money and provides no results (and then you need to hire a professional anyway).My personal philosophy is to "do it right, or do it twice" and its way cheaper to do it right once. 

With all respect to AirDNA and the amazing data they provide for STR owners, their pricing tool is not on par with most tools available there. 

Be that as it may, with this approach, you will have to provide some value for your folks even to consider this.

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

Pick the amount of income you want real estate to provide you, and buy the amount of units you'd need, such that if they were paid off, you'd hit your goal.

There are plenty, especially now, that are providing 10%+ yields, and have a long historical record of performing.  

I’ve found that offering cash can sometimes provide a workaround.