I totally understand wanting to ensure having quality residents in your property, but I'd let them handle it until they give you good reasons not to.

@Alyssa Strom it sounds like I will be making lots of calls to ensure I’ll be able to get a permit; but hopefully as you stated lakefront properties may be more friendly to vacation rentals.  

I think it's healthy overall to ensure citizens have a fair chance to enjoy home ownership, the opportunity to invest in and benefit from owning real estate preventing it from being heavily limited to investors.

I did not visit property frequently to ensure good living environment for tenants.I still have not filed complaint against them because I wanted to stabilize the property, in past 2-3 month, I gave notice to all the tenants paying lower than market rent and signed new lease at market rent, overall rent increase will be 11.5% when new rent kick in.

I paid for coaching to help teach me how to run a property management business I interviewed 3 major players in the multi-family coaching space and interviewed their students.

If you're wondering about this you should probably talk to a more traditional lender before moving forward to ensure you are able to qualify for a traditional mortgage on it.

However, this would mean taking a long time for them to receive returns on their money.Any suggestions about how to structure deals with them to ensure a quick(er) return on their money?

Look at and audit the rent and exit cap sensitivity table or calculate it (along with validating rent comps) to ensure that the property will do fine if rents don't increase.Excess government actions have inflated everything, including rents, and they are just playing whack-a-mole by now smashing the interest rate button to course correct.

As cool as it is to hear about the big players landing the multi-million dollar deals, it's not always relatable! 

@Trevor Lowe Run the numbers and ensure you include your HELOC payments into your debt service.