For your part, it might seem like a free roll of the dice to go to court, but there are surprises and landmines along the way, litigation always takes far longer than anybody expects, and the time and emotional expense of fooling with litigation are energy drains on more productive endeavors.

But the level of negative cash flow that you're talking about is quite high and it sounds like it's not something you're comfortable with and thus should look for something else.

Here are a few high level thoughts for you as a beginner:-Don't lend in second position-Don't do deals with new investors-Don't experiment with new strategies, even with experiences investors- ie, don't jump in to a first development project with someone just because they've flipped 20 houses. 

To operate MTR or STR properties, you have to have the time, the resources and the energy to handle any and all issues that arise at any time of day at the drop of a dime.

In the meantime, most of my capital is tied up and I am looking to be Super creative and I have absolutely the time and energy to cold call until i find someone that is game...even if i got to get a property in Alaska.

Cool to see but could have done that at my own pace..... the property tours are informative and show the different levels of facilities... 

Your proactive approach in seeking advice demonstrates a commendable level of preparedness.

As Jay noted, why don't you focus you energy on delegating tasks to employees. you may find a pwrtner who has similar motivations today, but it's almost guaranteed that your interests will misalign down the road.

Whether it’s worth it really depends on your goals and comfort level with the process.

Depending on her income level, she may be able to write off a portion against her income.