Life is too short to chase the rent.

@Mike StadelThere's two ways to do it depending on the renovations necessary:- If it's a short term deal, the investors can wire the full amount to the title company, who then cuts any excess checks made out to both parties.- If it's a longer term deal the investors could wire a portion of the capital (enough to acquire) to the title company to acquire the property.

In short, my long-term plan is to begin investing in SFH (much lower barriers to entry) or small MFH (Duplex, TriPlex, Etc) to raise capital and build my resume with the goal in mind of getting into larger MFH/Commercial properties as quickly as I can. 

(1) That's highly unusual, unless she is short on equity.

Don't look for short cuts - do your full due diligence.

I think the best answer to your question is going to have to boil down to your own goals - both short and long term.  

I found a property that I am very interested in, namely for a personal property but can be used as a short term rental as it is in a popular vacation destination.

I'm going to make this short and not sure if this is right place for this but I have used bigger pockets for other questions and have never got let down and I really need some help here. 

Property in  this area is worth $1700 - $1800 rent.... so long story short, I ran the number and it shows $201.58 monthly cash flow with 5.97%ROI.

If your goal is short term success, give cash bonus(es)If your goal is long term success with a steady staff, give equity/profit sharing incentives.