Speaking from personal experience, I have several STR rentals in California (I co-own STRental Pros in Orange County, Los Angeles County, and Riverside County).

Personally I invest in stocks, mutual funds, moneys in high yield savings account, dabbled in digital currency and but primarily real estate.

you need all 3 of those. no offense but just to be direct - it sounds like you may not be ready to make offers.are you looking at properties in person? 

Are you asking if YOU personally have $100M?

My advice (based on my own personal experience with investing in the Columbus, Ohio market) is to secure the asset even if it's not bringing in as much as you desire (within your finanial means of course) because today is the cheapest that property will ever be. 

Also how do you find lenders so that one can invest without their own personal money.

Personally I live close by and I am all for it. 

Yes, I did notify in writing that the work that was done is very bad, I did visit the property once in person and met him.

& this is for properties with a value-add component via under-market rents. it has to be priced according to current rents, not potential rents. but also.. if the price you come to doesn't work with current rates, like it won't meet a 1.2x cashflow ratio or you personal COCR goals, offer what you want to offer & explain why!

Me personally, I don't like condos at all.