Also, keep in mind that some lender may have overlays that are more restrictive than the FNMA/HUD guidelines, meaning the lender's internal condo guidelines require more than FNMA/HUD.

Somewhere close to GA would be good to commute, in case if we have to make a travel to see the actual property.

If you're open to exploring international opportunities, I have an exciting real estate project in Dar Bouazza, near Casablanca—an emerging hotspot for residential and vacation properties.

Many many many traveling professionals travel solo.

Quote from @Hannah Tate: All, I am looking for some advice from anyone who has had experience investing in short term vacation rentals internationally.

Employment: I've got three international students with solid job incomes and have been covering their rent with no issues for the past two years (2 of them don't have parents in this country).

Given your need to avoid personal guarantees and collateral, consider the following institutions:KeyBank: Headquartered in Cleveland, KeyBank offers a range of commercial banking services and has experience with international clients.

It also has become a popular travel destination over the last 5 years or so, so there has been an increase in competition in the STR space as well. 

When you look at the majority of those being BLASTED right now here on BP lets look at them and Scott brings up great points:The two biggest ones are: Full-Time Focus & Concentrated investment thesis and focus:Lets break them down:Full Time Focus: Is the sponsor working toward resolving the issues with the fund or are they out there raising money for their next fund and traveling the "GURU" circuit. 

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.