Research the local laws on Short term rentals as they vary from city to city. 

(If you were here in California, I could help you, but I don't know the first thing about your area - and laws and regs vary on a state and local level.)Jennifer, I will disagree with you that it's not a wealth-building strategy. 

As for price that varies greatly from area to area. 

No one know what the market will do and it varies regionally. 

Please correct me if I'm wrong, but I don't believe I can secure the SDIRA loan with the property if I have multiple investors for varying amounts.

Of course I leverage the massive wealth of knowledge from those wiser than I here on BP.Be comfortable with your numbers that you run for varying scenarios, worst and current case as well as stabilized forecasts (i.e., after any improvements are made).

However It is going to vary across the city anyway.

Prices will vary widely and you need to know why that is.

It can work but many investors experience trial and error.C class varies by market...from quiet, long-term residents in one market (or location) to high turnover, high touch residents in a different market (or location). 

With commercial properties, the markets vary depending on what cap rate the market is at and value is based entirely off of income so there is significantly less fluctuation and because of this, minor additions to NOI significantly raise the property's resale value.