I would be cautious about that because their website may be built based on the experience of a national brand, not the local manager.

Also, BP has multiple books on their websites to go in depth of want and what not to do when investing!

Here are my thoughts on your question above. 

He stopped paying on the properties.

I guess I am just having a hard time really trying to decide on a market. 

Please feel free to contact me for a full setup on these great development/investment opportunities.                                                                                                           

Places like Dallas and Plano many not have strict regulations yet, but seems like the community is firmly against STR, so that's probably not the side you want to be on.   

Also if you do share based raise you cannot issue distributions on a cost per share basis.

Options are to take out a loan for the 25% and just purchase or co-sign a multifamily or just co-sign on a SFH so they can get the 5% down, no loan needed, there wouldn't be any real benefit to me and my husband as we would be assuming the debt but we would be helping our kids out.

They will be able to give you insight on where they're seeing the most cash-flow, what pitfalls to avoid=, and maybe even help mentor you on your first few deals.