I've found great success in rent by room and finding unique properties with mother-in-law apartments, and also, I've seen clients utilize Airbnb as well, so it really depends on your goals? 

Purchase price: $234,900 Cash invested: $50,000 Sale price: $234,900 Unique find!

More specifically but not limited to, anything unique to San Antonio, TX that needs to be considered when looking for your investments. 

I'm going to meet with someone this week to explore this option.

What's unique about your situation is that the subject property itself is essentially a comp if the owner bought it recently enough. 

I have been exploring an auction happening in upstate New York (sullivan county) and am considering bidding on the property that is rural land.

You would of course need to add your flare to make it memorable enough to warrant a unique stay. 

I'm very grateful to have educated outside opinions.Ultimately, I'll likely trust the repeated advice above to abandon the partnership, but for sake of fully exploring this option, I'd like to provide a little more reasoning as to why I'm pursuing a partnership and at least confirm that it does not change any of the above feedback.There's smaller reasons such as his significant other's family actually does rehabs for a living and would likely provide more of a "friends and family" rate for any potential projects and renovations.

Here is why:STRs aren't going anywhere and if you can make the experience unique EVEN BETTER.

Probably because I legit LOVE what I do, I really do.Now, a very key point, I'm not a Top-Producer because I specialize in REI and that's extremally unique itself to be one of the legit few, I slay because I have a passion for what I do, I get jacked-up about negotiating DOWN a great buy to make it a ridiculously awesome buy even though it cut's my commissions down, because I'm a sick-twisted addict who can't stop my thrill of the hunt, lol.