Quote from @Hannah Tate: All, I am looking for some advice from anyone who has had experience investing in short term vacation rentals internationally.

Be respectful to these people but do not internalize their words.

Quote from @Jon Taylor: @Pete Harper - Section 721 of the Internal Revenue Code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) without triggering a taxable event.

Also, keep in mind that some lender may have overlays that are more restrictive than the FNMA/HUD guidelines, meaning the lender's internal condo guidelines require more than FNMA/HUD.

If you're open to exploring international opportunities, I have an exciting real estate project in Dar Bouazza, near Casablanca—an emerging hotspot for residential and vacation properties.

Both domestically and internationally.  

Given your need to avoid personal guarantees and collateral, consider the following institutions:KeyBank: Headquartered in Cleveland, KeyBank offers a range of commercial banking services and has experience with international clients.

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

Employment: I've got three international students with solid job incomes and have been covering their rent with no issues for the past two years (2 of them don't have parents in this country).

And at the end of raising the funds it would be converted t US dollar anyway, the benefit to raising funds through crypto would be international but the US money laundering laws and KYC is conflicting with that therefore adding more cost but also a great idea.