Whenever I am having an issue with financing, I normally reach out to local institutions.

I personally view it as a liability protection issue and base the decision on my costs to have the LLC versus the equity contained within.

I am working with my lawyers on this issue.

There are are number of contributors here on BP that manage note funds, although I don't know of any that pay 10% and make monthly distributions like PPR does. 

And best of all, because of this reason, I’ve never had an issue with collecting rents or vacancies thanks to the location.It really comes down to the location, the team you assemble and your research. 

Airbnb has insurance in place to help offset any guest issues.

Roth IRA distributions will be tax free. 

Why would anyone want to deal with tenants and all the issues? 

I post this because I do not see any issues with this type of property.

The 5 year proforma by DEFINITION is based on a whole slew of assumptions about a whole host of issues in the future - national economy, local economy, interest rates, cap rates, rental rates, political and geo-political factors.