Next, arrange a site walkthrough to pinpoint any additional needs or potential challenges.

It looks like according to the county site (sbcounty.gov) they require all renter payment go to the active owner. 

I keep monitoring the properties in the Cleveland Heights area (where we are looking to buy) on Zillow and other web sites but I am sure there are other ways of finding properties.

I've looked at a few of the sites and will reach out to them. 

Just trying to learn more about the process when its purchase only as I've seen that option on some lender sites. 

This site makes me believe that we should use a 1065 however since I am involved in the partnership.  

I used Hostaway for the last year and the they recently snuck in a 1.8% fee for our direct booking site.

Congrats, on both of those deals and, more importantly, on staying persistent to find your niche.Lots of misinformation on this thread.Andrey is not pitching anything or lyingHe is not expecting 30% IRR on every opportunityFinding and vetting trustworthy sponsors is not as hard as non-syndication investors thinkPerforming diligence on sponsors takes years, not hours or daysMany sophisticated LPs perform extensive diligence on sponsors and opportunities that is not discussed on BP (TLO reports on history of crime, bankruptcies, collections, credit, businesses owned, personal residence owned, employment, family members (including phone numbers), even traffic violations...the list goes on)Many LPs leverage sites like Ian's, 506 group, in-person conferences, and one another to analyze opportunities and sponsors together (it's a lot more sophisticated that the "what do you think about XYZ" posts on BP)There are tons of sponsors and opportunities that don't use short-term, bridge financing or max leverageMost are using 5-12 year debt, with inception LTVs in the 70s and year 2-3 LTVs in the 60s (and carry high reserves on top of that)The opportunities discussed on BP are only a small fraction of what's available in the marketPrudent syndication investing is just like anything else in life...it takes diligence and time. 

I am listed on 5 platforms plus have a direct booking site and I rank highly across my 5 listings.  

There are so many veterans who have carved nice paths in real estate investing all over the site and as guests on podcasts that you can learn from as well.