One of the best things you can do right now is educate yourself.

I've read the qualifying criteria multiple times and have already notified my CPA who has done it multiple times for their clients previously.

The Board therefore believes it prudent to proceed cautiously at this time.

One never knows whether an area will gentrify but chatter on the street is money is flowing in the South Shore.

Quote from @Ryan Kane: Long time follower of BP in Canada first time poster!

If the company would not write this policy this way, you may have an issue at claim time. 

The trade off course for STR route is more management/cleaning of guests coming and going/risk of no bookings vs not needing to deal with long term renters months at a time if that once they move in.

Learn the area, meet other investors at meet-ups and one-on-one conversations, and once you feel more confident, you can make a purchase to live in. 

This is my first complex and first time having a vacancy so I’m just a little nervous about what price to charge and how long it will take me to acquire a tenant that is willing to pay it. if there’s anyone in the Baton Rouge area that can kind of help me, please respond.

Depending on how much time you have before needing to dissolve the partnership, the partnership can sell all the properties and complete 1031 exchanges to defer the capital gains tax.