@Michael Anderson before chosing a market, do some research into their current short term rental laws AND any laws that have been discussed or proposed.

Tell you what - I'll do you a favor at no charge - send me their State and License #s, their Bond Info, their Liability Insurance Policy(s), their Worker's Comp Policy and a copy of their last proposal to you.Being licensed since 1982, I have more than enough experience to vet these guys for you and tell you all about them. 

(b) A General Contractor/Construction Manager License shall be required for individuals or businesses engaged in general contracting or construction management.So go online (or call) and check that 1) the license is current, 2) the listed holder of the license is the person you are dealing with, 3) the business has no complaints or suspensions, 4) the license has a current bond and insurance in forceThen ask to see a former or sample Proposal and Scope of Work.

Do not agree to the 60 move out clause he’s proposing for the new lease.

So, how can I make a proposal to the owners for Creative Finance such as Loan Assumption (if this is even possible) so the numbers work for me? 

The salespeople present numbers that are dependent on subsidies,which are likely to not continue for very long, so the projected 10 year break even point they proposed to me will likely extend further out.

I have not presented creative financing as a solution, but I am confident that he would accept such a proposal if I could help him get what he wants.I look forward to your input!

Several issues I see here that need to be raised. 1 - When someone makes these kind of posts proposing some "new" way of making a deal work but hasn't actually done what they are proposing everyone else needs to do they need to put up a disclaimer.

But that $160K number you said, Matt - I think that depends on what they're proposing.  

And if say one unit is an absentee/foreign investor, another one has a jerky owner who never likes what the other owners propose for repairs, etc. it's just a big headache).