Sellers oftentimes sell for a higher price and higher interest rate loan, because the buyer has limited options for financing.

We use State Farm and have twelve doors and haven't heard of any 'limit' of policy count.

To know how much money you can make for your partners you have to stretch out the numbers no less than  for 1, 5, 10, 20 and 30 years projections on paper.I was involved in two multi-million dollar syndicated real estate deals where I was the limited partner and lost close to $2 million.

It's tiresome reading the "advice" of many of the BP crowd - can tell quickly:1) Who has tons of advice, but litte actual experience2) Who has some experience, but obviously "don't know, what they don't know"3) Who has a lot of experience, but limited exposure, and can't think past their "noses"The ones that have been there & done that, and can have a broad understanding to offer sound advice - are not plentiful:(

Yes you can if you meet the requirements.If you are not a real estate professional, the passive activity losses (PALs) generally are deductible only (1) against income from passive activities, (2) when the entire interest in a passive activity is disposed of in a taxable transaction, or (3) under the $25,000 rental loss privilege for qualified rental activities (subject to the $100,000 AGI phase-out).The general is a rule allowing up to $25,000 of active participation(see below) rental real estate losses as a deduction against nonpassive income.The taxpayer must make management decisions with regard to the property, have at least a 10% ownership share in the property, and the cannot be a limited partner.

So, I'm looking to limit the amount of stress. 

A “pass-down” lease refers to the current tenant essentially signing over their lease to the next tenant, and if your property is in-demand, encouraging this can limit vacancies and create student appeal.Consider demand when determining rent prices.The beauty of real estate investment in a college town is stability in rental prices.

With the limited information, I don't see how that can be feasible.

Is there a time limit to pay it back if I have to.

However Boulder County still allows nightly rentals, for now at least (with some restrictions such as needing a license and limits on the number of nights per year).