Be upfront with them that you're moving the property toward one year lease terms and market rent eventually.

It was the best and nicest property when it was built and was very popular for a long time, but it didn't get the reinvestment that it needed, tired out and eventually closed a few years ago. 

-They would get 60% equity and 60% of cash flow-Cash flow won't be positive until 2-4 years later-When we eventually cash out refi to buy our next property, which may be in 2-4 years as well, the partner would get their 60%-If this isn't attractive enough of a deal, would 70% or even higher make it worthwhile?

They kind of harassed me a bit for another week but Airbnb I believe eventually cancelled their account. 

They will drive the property so far in the ground that they will eventually beg you you to just take it off their hands for next to nothing.

I will have an agreement in place with future buyer and eventually owner finance to them.

I just felt like if I kept asking eventually someone will say yes, and they did :)@Michael Kiley I see you are part of Cleveland market, mind chatting a little?

if possible use  a conventional loan with low down payment options as  you will eventually be able to  eliminate the monthly  mtg insurance with  the conventional loan  and you cant do this with FHA loan …...if you plan to sell this first  property  in short run - then FHA  idea is OK amount to  save for rehab  will vary depending on the property the normal  down payment required for an owner occupied  3 or 4 plex  will  be larger  than for a  owner occupied  1 or 2 plex …...if buying and  financing property as  a rental  property ..the down payment  requirements are  higher

As long as you have a plan to pay the I/O payment and eventually principle (and your plan is conservative) then it could certainly work

My goal for my RE Investment Company:Mixed portfolio- 80% Single Family Rentals, 15% MF Rentals, and  5%Eventually Commercial ( When it makes Sense) First two years: (4) SF Rentals, (1) MF Rental.