its genius really.. most bird dogs work for locals on a performance basis and don't have to pay the investor to bring them deals.. 

>How well do log cabins in the area tend to perform in terms of bookings?

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

The two WORST performers are down 85% each!  

I understand credit enhancements and additional guarantors are sometimes required but to be unable to cover escrow funds and to give away deal ownership for that service is kind of crazy but back to the main point, the real issue is when the Co-GP is not truthful about their true role or embellishes their portfolio/ unit count. 

All have performed well and rent easily.

Sometimes tapping into that equity for a strategic reinvestment can pay off big.How do you feel about your portfolio’s performance overall?

After six months of STR performance, transition to a DSCR loan or portfolio lender refi for better terms.2. 

How do other regular condos perform versus them? 

Dump the thing and either hang on to the cash while you find a performing asset or 1031 into something that does perform.