If you really analyze your situation you'll find there are many options:  invest locally, even if in an expensive market (I currently live in San Diego and own a duplex there; looking to buy another this summer), invest out of state and use a PM, invest out of state without a PM and figure out what companies are out there you can outsource some of those services to at a fraction of the cost, become a money lender until, etc, etc.My point is, you can receive a lot of good advice from people who are successfully investing in RE, but their good advice may not always apply to your situation. 

You can do great here with houses that cost a fraction of what they do in CA, and we have a strong economy and great built in population of hardworking blue collar folks who need cheap housing.

This may net fractions of a percent each night but it will end up earning 3-4% on the overage per year. 

You can buy a pre-engineered building for a fraction of the cost of building a structure right now, but there's not a lot of people that want that kind of construction for their homes.

Since you’re looking for partners, it also sounds like you’ll need a broker who knows how to fractionalize a note.These deals tend also to be considerably riskier that those that are non-owner occupied.

Usually, I can get an website build and host it myself for fraction of the hosting fee some of these type of company is charging.  

Currently, I did receive a 90 day pre-exclusive option for a fractional investment purposes.

As I understand, the voucher is set by the housing authority for the configuration bed/bath this person is qualified for AND the FMR rent for that kind of unit times some fraction. 

My fractional portion of the property at the time of purchase was about $420K (we got the whole building for 875K and mine was the smaller unit).  

There are some fractional owner products that are designed to help you in situations like this like Delaware Statutory Trusts and TIC products sold by broker/dealers and syndicators that qualify for 1031 treatment and can help to ease some of these timing issues but you'll still want to make sure you have good guidance and keep an eye on your timing.