(Unless you have a good market there and there's possibility of someone else jumping on it) Then propose cash, and ask them to subordinate to a loan (if you're going to need a loan the owner carry will come behind that).

The MGMT company proposed does not affect your ability or lack of ability to utilize losses from this STR.

The potential positive I see is there are potential Trinity Rover revitalization projects that have been proposed throughout the years.

Grounds for good cause may sound obvious, but they include the following reasons:Failing to pay rent when due or owed.Disorderly conduct that disturbs the peace and quiet of neighbors.Tenant’s gross negligence which has caused damage or destruction to the premises.Continued violation or breach of landlord’s reasonable rules.Failure to pay rent after a valid notice to quit and a reasonable rent increase.Premises will be demolished due to housing violations affecting health and safety.Owner’s desire to permanently retire the premises from residential use.Tenant’s refusal to accept proposed new terms of lease that are reasonable at termination of the lease and lease renewal.The building where the premises is located is being converted to a condo or coop structure.The tenancy was conditioned on the tenant being employed as a superintendent, janitor, or in some other capacity and the employment is being terminated.

Does anyone have some good resources (books, webinars, websites, etc.) on how to work the front end of this type of proposed project and putting together a compelling proforma for potential funding sources (and even how to locate reputable sources to partner with)? 

Loosely it has been proposed to pay the mortgage as we work on the property, list and sell it.

Two very risky to seller options were proposed to me yesterday:1) Seller financing with 50% down, holding as a 2nd behind their lender with my receiving no payments or interest and the balance paid as a balloon in 6 years.

Your proposing something totally different.

I find the property, inspect it , run the numbers , send them a speadsheet of that proposed property and if they feel comfortable going forward then we try to acquire it.

How much work would you do for me if I had property in Van Nuys and proposed paying you $60-75 per month.If you think this all the way through you'll see it's not a realistic plan.