When  running the model of your goal is to get the equity partner to a specific return.

You have to bring in a 20% down payment and they also share in the profits.....it sounds very expensive to me and not like a model that would allow you the control you would want to have?

Are there up and coming towns nearby that would fit the STR model?

Thomas, if I knew nothing about credit, I would just follow your model on the 650 fico, the law of averages not only favors your methodology, but the elegance of it puts you in a better spot, should anyone make a claim you were acting discriminatory.

Is this at all common in single family investing outside the turnkey business model?

You can choose to structure an agreement where the capital providers can get passive returns (similar to syndication, if you're inclined to use that model) while you retain complete operational discretion.

Learn to say NO if someone does not fit your business model.

It's hard for people to get their heads around this so I like to use a simple model.  

I don't mean to be rude, but what benefit does a realtor have working with a wholesaler, if the whole business model depends on you not ever actually closing on a property?

I personally don't like a bridge loans because of the rates/fees, but I get that. 3 years with a 3 year pre pay works right for me with my business model.