As a region, the phrase “The Poconos” is linked to a wide variety of areas that have much of the same allure in common.

If there are common areas in the commercial property, then sure you would need to do the accounting regarding who pays what and what's collected among the various tenants. 

The most common benefits a landlord can get from an arbitrage agreement are: reduced vacancy expense, decreased maintenance costs (most arbitragers agree to fix any damage done by guests), increased rent (most pay a premium), reduced number of hours managing the property (aka it's more passive)Some less common benefits, but still worth mentioning: Using the property to host their own guests at a lower rate during the "vacation season", Revenue sharing, arbitrage managing landscaping, and other management tasks. 

Is that common in your area? 

Denver is actually doing a decent job of advertising their Airbnb laws. 

My question: If we want to have a tenant in place on or around Oct 1, when should we begin advertising? 

Through agency debt at ~67%, pref equity from an institutional investor and common equity from our investor-partners.

I've heard from several people who thought they had an owner finance agreement signed at the kitchen table, assumed they were paying down equity only to have the house sold right out from under them.Ben,  How common is this that a seller is willing to give up their deed upfront in exchange for seller financing.  

**Due-on-Sale Clause**: The existing lender could call the loan due when the property transfers ownership, though this isn’t common if payments are made on time.2.

Finding a hard money lender willing to cover 100% of the rehab costs up front is less common, but it’s not impossible.