Alternative options include offering a significant down payment, a lease-option agreement, a joint venture, or a deferred closing to align with John's timeline.

If managing the STR is no longer sustainable @Robbie Shiver, here are a few alternative options to explore:Mid-Term Rentals: Consider marketing to travel nurses or corporate relocations for stays of 1-6 months.

Because your alternative is zero income.

. ;-)  While I wait for delayed communication from them, I am looking for alternate management in the Canton area. 

If this isn't an attractive alternative to your business partner then you might consider changing the ownership structure or operating agreement as one of your options.

I'm not sure how fast you want to scale, but I see that as a feasible alternative if you don't want to go through the process of either BRRRing or the fix and flip. 

These self employed 2nd mtg's are typically based on alternative method of caluclation like profit and loss statements if you're self employed or the last 12 months of bank statement deposits using a formula to derive an income from these deposits (like 50% of all annual rolling 12 calendar month deposits X 50% /12 months = monthly income).

Is Guesty or Lodgify a good alternative? 

I also recommend you discuss this with your tax advisor.There are many other alternative asset classes to invest SDIRA funds into. 

@Matt Huber I think you know your answer already Direct real estate ownership should compensate you appropriately why else be in the alternative space.