Condotels are more difficult to get financed and typically come with higher interest rates. 

If that is what they are telling you, then I would research it further, it necessarily may not need to be torn down but it may not be able to be used for residential use, but typically you can also get special exemptions/permits too

Baseline customer service was of no help.I want to understand what products do you use?

Leverage your expertise, operations and understanding of your market to add vertical services to your business.

The PM company charges a fee equal to first months rent for this lease only service.

Their service, just like any other, is not without drawbacks. (1) I'm not a big fan of their rent collection b/c they make you deposit it into their account and I'm not overly comfortable with an unregulated entity having any say over my money. 

Typically, getting into the 5-unit range can get overwhelming for people and take up too much of their time if they're focused on scaling.Real estate bookkeeping is very balance sheet heavy and that's where the mistakes are made if you're managing the books yourself.

@Courtney Olson I did this for my candle business but it could work for real estateMaybe offer Step Up  Payments too, as long as the number works, and hint at it helping wiht inflation and maybe combined it with an interest rate that is above typical inflation.A combo of something like 4% inflation to keep your same spending power as the years go, and we increase the payment by $25/month every 12 months so your spending power stays the same and you get a bit of a raise every year, then we could do a balloon payment in 10 years to settle the rest.Something like that could be an option. 

I'd highly recommend local meetups and talking to real estate agents.There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity.

Most bidders on there don't have an interest in a quick flip, they typically plan on fixing up and holding or re-selling.