In other words this is not a passive investment; motels need management and a small motel doesn’t afford the ability to pay for the type of management where the owner can play the role of passive investor.It sounds like you don’t really know if the owners are motivated to sell or not.

In my civilian life I'm a songwriter, and I also play trumpet with a few rock/R&B/pop bands and artists.

Great point - most PMs can be pretty bad at the asset management side of an investor’s portfolio and just focus on pure play property management responsibilities.

These referrals would be a great plug and play option as they already know what to do.

Substance generally rules over form in legal matters so be sure you know what liability you're assuming by playing this role and what you should justly receive in trade for the liability.   

You don't want to play that part for them.

I don't play well with tenants who even mention the word, 'mold'.

If I had more time to let it play out, maybe it would have ended more favorable to STR, but while in escrow I didn’t have that luxury. 

It is a way to have your money work at two places at the same time, and on top of it you get financial protection for your family.If you use a third party lender, you can get arbitrage on the loan rate vs the policy rate, and you can also deduct the cost of the interest as investment expenses.It is a long term play, as the front loaded fee will need four to six years before you get ahead of investing without the use of a maximum overfunded permanent life insurance.For whole life insurance, there are mainly four companies that I would recommend. 

You should not play mediator in tenant disputes, unless the situation is extreme.