The syndication structure allows a principal, or manager, to put together a deal with investors.

Hi John,It depends on the lender and the ownership structure.

I have no development experience however have a large portfolio of homes in the Charlotte suburbs which are solid performing assets and have done extensive rehab's on many properties from basic new kitchen/ba reno's to full structural/electrical/plumbing renovations. 

I have grown personal portfolio over past 10 years, but looking to start structuring differently in order to continue to expand.

On another note, how do you structure your company?

As much as possible I'd recommend getting really clear on your goals in life and how real estate fits into those, and then iterate from there.If you are buying at a distance (specifically you're not moving from house to house and collecting houses as you go) then it would be a great simplifying factor to buyer AN asset or two with many doors, but there are other ways you could structure it so that small multis are the way to go.So, back to the root . . . what do you want to accomplish in life, and what role does real estate investing play in that?

If you're concerned about them "driving off," maybe install structural steel cable as a guide?

I would look for a shell which needed a minimum of structural repairs (that steal 'I' beam was expensive).

If you were in my shoes, wanting to buy a STR but need financing backup and intend on running the business yourself, how would you structure your business and why? 

I plan to use them for tax preparation, accounting, and some consultation services regarding my business structure this year.