We lent secured by a 20 unit mid term rental property.

In the short term rental business there seems to be a wide range of different types of rentals that are apples to oranges, especially from a financial perspective.

Not only was the security deposit 'owner held', but January rent was sent as well. 

The risk to you is that by selling partial ownership you may be selling a security under the Federal definition and therefore depending on the method used to find investors could be violating Federal or state securities regulations.  

If this is the route you were looking to go, if you wanted to be compensated for it, you would need to become FINRA licensed, since you are effectively being compensated for the trading of securities.

Here are some things I would suggest.1.Get Pre-Approved: Secure pre-approval for a mortgage to understand your budget and show sellers you’re serious.2.

@Daniel Mendez As much as possible.If we do a holding agreement to take the unit off the market we try to get them to pay the first month rent and any other move in costs other than the security deposit, which they pay at lease signing. 

Leveraging Jamie's local market expertise, we secured the property for $80,000.

Leveraging Heather's local market expertise, we secured the property for $116,000.

I believe they stopped using knob and tube wiring sometime in the 40s.Roof - Of course in that amount of years, most likely the roof has been replaced at least a couple times, but this is also a big ticket items to look closely at.Plumbing - I think it was sometime in the 80s when PVC pipes were starting to be widely used.