This is such a perfect combination, @Scott Trench. 

For material participation, would our combined time in the property need to exceed 100hrs and greater than anyone else? 

Lower ADR and lower occupancy combined with the higher interest rate is what is really making most STR deals not work out.Having said that, it depends on what your goal is.  

With booming industries, significant business investments, a thriving tourism sector, and new tax incentives, the region offers a unique combination of opportunities that are hard to find elsewhere.

.: When I first started investing, I built a portfolio consisting of a combination of "cash flow" properties and "appreciation" properties.

I am flying out of Chattanooga this morning,but was here the last few days getting a feel for the city.

DSTs suffer from 3 main problems:1) Low returns (aka 4-6% ish)2) High fees3) Poor / no liquidityThe combination of these factors makes DSTs pretty terrible investments right now.

My focus is on markets where our combined capital and experience can bring the best results.

You are permitted up to 90% combined-LTV between lender- and seller-financing. 

Personally - we have found a lot of success scaling from single family to multi by a combination of all the above.