I.e. take over the project, or is it that investors have no choice but to wait for syndicator to do something.

Thanks No you cannot refinance a property but why not just get a traditional loan for the property?

I even have a cousin who is homeless - by choice (?!??).

It can be more capital intensive up front and take a little more time than a traditional BRRRR but it gets you started.  

“Selling” a co-living room is very different to showing a traditional unit. 

The choice between the two would be up to your investing goals and what you are wanting to do with the property.  

For long-term strategies, a cash-out refinance is usually more advantageous, as it preserves ownership and offers fixed terms.To proceed, start with a professional appraisal to confirm the home’s value, compare refinance terms with traditional lenders, and carefully scrutinize shared-equity program terms to ensure they align with your financial goals.

I simply recommended the seller finance structure based on the current market rates to make it easier to sell since he has better rates than can be gained financing traditionally.

Long-Term Rentals: What do you think is a better strategy for someone just starting out—focusing on Airbnb (short-term rentals) or traditional long-term rentals? 

The menu offers Cuban favorites like tamales, empanadas, yucca fries, ceviche, and traditional entrees like mojo pork and whole fried snapper, with prices ranging from $12 to $95.