This might be cheating, but just to get the juices flowing here is some (AI powered) research I did...encouraged to see it does mention STRs.

You could 1031, but juice may not be worth the squeeze (the paperwork).

Essentially, he is putting all money in to purchase an already cash flowing STR and, in exchange for me operating as the property manager, he is willing to cede 10% equity in the property (vested in four stages over the course of 2 years) and a percentage of gross income on the property (he's also planning to build a smaller geodome on the land, which I anticipate will juice revenue a decent amount). 

If you have one LTR you can have steady income to pay the bills, and MTRs/STRs to juice your profits via increased rates.Food for thought if you don't know where you want to buy or haven't considered STR or MTR.

Lender, since you have such a unicorn loan that has a low rate and low down payment with a long amortization with very few questions asked on a pretty good sized loan, keep your fees to a bare minimum because I know how you lenders like to juice borrowers on commercial venues that have limited uses. 

Maybe 20% but I would rather self manage and pocket the money to juice my returns.

Assuming the borrower is in a position to pay off the mortgage or stick to the payment schedule, there is some place in between those situations that offers mutual benefit.Perhaps the complexity of the MBS's themselves precludes this singular "negotiation" or perhaps the juice isn't worth the squeeze because there just aren't enough of these borrowers.

So it's only natural that there will be differences of opinion.As a conservative investor, the things that are important to me are factors like full real-estate cycle experience with little to no money lost, high skin in the game, conservative loan to value debt, no floating-rate debt, competitive fees and promotes, no juicing of returns with nonreal estate or junk-grade real estate debt etc.  

@Chase A.If you haven’t read it already, a good book to read is 7 figures in 7 years to get the juices flowing.

Have Gwen photoshop the pot belly heater to be burning logs.I would have painted the porch ceilings sky blue but maybe only adjust the color to look more sky again in photoshop.