These are collectively referred to as a bunch of different things like "non qm", "commercial", "portfolio", and "asset-based" lending. 

So, maybe you do NO work and get paid $0, and your partner does all the property mgmt and collects 8% of the income for that.

So if a home is listed for say $700k and the listing agent is offering a 2.5% commission to selling agent, then you as a RE licensed flipper can either negotiate the price down $17,500 and run the buyers side paperwork without commission or you can offer the $700k and collect your $17,500 commission less the broker split and fees.

Honestly, there are already way too many out of towers and developers from other states and countries who do not live in Houston and understand the culture and what the city is like buying and holding property that actual residents would like to own and actually improve rather than sitting in a room 500 miles away collecting money for nothing.  

Is there anywhere I can collect historical performance data on short term vacation rentals in a specific area?

. :)These strategies are all new to me and I wanted to get some collective thoughts from the team!

At one SFH rental, that's $2,500/month I'm not collecting.

I always use 1.25% of the loan to calculate rough title fees and 3 months of Pre-paids to collect (although 2 is normally enough).  

Kept my first home and am able to collect monthly cashflow.

If rent is not received by the 15th, eviction will begin, and you will be held responsible for all collection, court and attorney fees/costs.