Quadplexes will fall under residential financing, while larger units will move into the commercial space.

Given the high demand for industrial space, especially near major interstates, this could be a smart move.

The Due Diligence deposit is non-refundable and goes straight to the seller.

To find good LPs, you need about one to two years of brand building to have any credibility in the syndication space if you didn't come to it from another part of the industry.

My condo is an HOA that is suddenly non-warrantable for conventional financing.

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well. 

You could also look into non-recourse loans.

Spell out the complete agreement of how expenses, profits (or losses), and other responsibilities are to be split—put everything in writing.Do a background check on the partner to confirm there are no outstanding liens, judgments, or active lawsuits against them.Hope these suggestions help.

Most credit unions do not help with non-owner occupied properties. 

If you think you have average intelligence and a general hard working person, for non luxury STRs (competing with 3 star or below hotels in the area for average people who simply need a bed and a kitchen) I would use 60% occupancy rate to start in the beginning and then 80% after stabilization.