The reason why "large developers"  finance their real estate with ease is (1) track record; (2) balance sheet/liquidity;  (3) Global Cash Flow.

Only way you made money on this deal, and avoided everyting being eaten up with title & recording fees and transfer taxes, was by flipping the contract - also known as wholesaling.Why can't you just call it what it is?

However, I cannot find any record of the death online (obituaries, coroner's list, etc.).

I'm can record a Loom video response for you.Like any business model, you have to start with identifying the customer and where the demand is.

We are looking for a Co-GP that has good track record and help us to manage the properties we are buying, we will do the heavy listing including bringing investors.

Make them the agent of record.  

Having a good agent that has a proven track record with Condotels is going to be very important for you and should be able to help with many of these questions. 

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

Many times, I've found that tenants will decide that they would rather not have a formal eviction on their record and pay me the rent.

Featured Agent seems to go against that positive track record.