They will be bringing all of the money needed to the table and asked me to manage the property.

That's what's unique about this, you never have a complete vacancy.

"IF you are NOT excited to go to the closing table, then it's probably not a deal."

.#3 like said;  a good deal is a function of details unique to you and your goals.   

It’s true that many of the skills required for various asset classes are transferrable, but each asset class, market, and business plan have unique challenges that operators can only perfect by working in those situations over a significant amount of time.If an operator is new to a certain asset class or business plan, it is extremely important to know that they have been successful in other areas.

@Zac SmithYou can structure it any way you want.Typically there is a GP, LP(s) and debt financing on a CRE dealThe debt financing is a loan from the bank but they will be first position in front of the LP’s but have no equity position.If you are not using debt financing, you could bring on other LP’sThe question that is going to be asked is “what are you bringing to the table?”

What do you bring to the table that would get someone to invest

If you are the money, you need to find someone who is experienced that can make the chance of success very high.If you are a newb at STRs, then you bring nothing to the table.

I spent many hours trying to resolve issues created by kitchen table deeds.Deed Elements and Recording Requirements in Illinois | Attorneys' Title Guaranty Fund, Inc.

In business its leveraging technology and your skill set to find unique ways to make your processes efficient, cheaper, faster, and to be able to scale it.