So, every time I hear from someone that they know, for a fact, that their investment idea is foolproof I feel the need to explain that assessing the risk is difficult and the most-important aspect of investing.How many times does it take to understand that investors should never rely on or trust someone with your money or to think that a partnership is a sound and foolproof way to invest your hard-earned money.Very rarely, do partnerships work out.

As Linda mentioned, high-level nuggets are a good way to demonstrate an understanding of an investor's tax situation and possible solutions but granular tax advice should not be given in an intro meeting - not only because it's a paid-for service but also because tax advice is extremely individualized; we need to know the investor's unique situation before we can accurately and confidently advise, so a review of documentation would be a prerequisite (in most cases).Lastly, as some have said above, we also turn away clients - whether it be for capacity reasons or because it isn't a good fit.

My personal opinion is that I would never buy an STR property that couldn't cover itself plus a little profit if the STR didn't work out.

Since I live and work out of the state I have been unable to get local banks in MI or CO to help.

You might work out a creative finance deal to sell it.

That takes a lot of the guess work out as far as what option(s) would be most advantageous.

I have been thinking for a few days now and I think a subject to scenario may work out well.

To get any type of loan, lenders will look for credit (score usually above around 620), capacity (are you employed/earning some form of income that you can use to repay the loan?)

I have paid for a roof before I owned the property (we couldn't close escrow otherwise) and it did ultimately work out, but I wouldn't choose to do business that way if it's avoidable. 

The cashflow numbers work out at about $350pm per unit.