It is a great idea and you guys seem to have a good plan to use each other strengths to knock it out. 

Your strength is that you are local and most buyers looking here are not.

You might have to put a new subfloor on top just to strength it. 

You get all of these advantages while training to become an awesome landlord to your tenants right next door.Based on what I've read about you it seems to me that you are in a great position of strength at this point in your life and now is a great time to begin your journey.

Meaning, lenders worth dealing with won’t just focus on the property and ignore the experience and financial strength of their borrowers.

However, there are multiple variables in my criteria of course rates being a Primary Criteria along with several others that I discreetly calculate in Ascending order.The strength of my exit strategy is a key variable in determining whether I believe the Rate aligns with it as well.

I agree that there is more to choosing a good STR property than just occupancy and seasons, but I believe it is the strength that is the base of the pillar.You might be able to find great deals in areas that don't make it good for STRs.

@Nathan RecchiaNathan,What do you see as your strengths and what value could you bring to a partnership?

As a buyer, you don't pay any commissions so why not add some bench strength to your search and have a realtor - one who works with investors - be part of your resource team.

Usually Balance Sheet and Income Statement for large and small businesses to assess financial strength of the commercial occupant.