In some states, such as California, acquisition financing is treated differently than subsequent financing (depending on other facts, such as whether owner occupied).  

That roommate subsequently shot somebody at the house (non fatal). 

you may want to talk to some of the crowdfunding sites.. your experience and financial position will be important .In my mind if your doing your first deals you need to give the money much more return than what you want to subsequently end up with.. why because you need experience and you need deals to show others that you have done deals.remember 8% pre with a waterfall there are literally 100's of very established syndicators that will do this .you offer substantially more and the investors many times will take the risk adjusted return and go with you as you start out.

The Texas Enterprise Fund continues to work overtime to attract companies here and has been very effective at it. 

When there are A LOT of hard pulls in short time that is what triggers a red flag for subsequent creditors.

I most of the current apps are geared towards enterprise which results in overkill for a few properties. 

As @Anna Watkins said earlier, the safety of your area is absolutely going to influence guest opinion and their impressions of their stay, which is subsequently going to be reflected in your guest feedback.

Keep a small percentage for yourself as the syndicator, and a extra share of the upside once the investors receive a certain return.If you have success with your first project, the capital for subsequent project is MUCH easier to obtain because you can show a track record of success.Since most of Europe is geared both psychologically and legally to big business, big government, and employment security, the competition for entrepreneur type opportunities is much less than in the U.S.  

I think from subsequent internet searching that what I'm referring to may be called a "cross collateralization loan"

Long time no talk ---- Had NO clue you were on bigger pockets :)Miss you down here at Enterprise in Wichita ; hope things are going well for you in Indy.