It's the only way to make sure you have FULL CONTROL over the property you've purchased.

As a seller I want to see a bank statement the last 30 days from the individual buyer showing they have total funds to purchase.If it's a corp they have to be the controlling officer and decision maker to bind them and the company to the contract.

Get a syndication attorney to help set up the proper agreements.The foreign investor will have currency exchange rates, withholding, and entity creation to think about.Whether you want to partner with them directly or have them be a completely passive investor with no control makes a difference.Bryan Hancock would be someone on here to run your scenario by.Doing a syndicate myself makes sense because of the returns I would get but putting all that together as a commercial broker transacting a 1 million dollar deal for 30k commission is not worth my time.I am looking at putting a few of these together myself.I want the setup to be ( sponsor fee 3% going in , 20% equity slice, cash flow percentage after investors are paid, and sponsor fee / commission of 3% when it sells ).I only would take exit fee if a profit was made on the project and take cash flow only after investors are paid first and reserves were in place.

Gas is not run to the building, so converting would be cost prohibitive.I would plan on ordering an energy audit and insulating any problem areas to help control costs, but not sure how much this would really help.

Remember you don't have to own a property to control it.

I would be inclined to provide, so I can have control of hooking it up with good venting and good supply hoses.  

 Oakland Park is probably not the place you will get much traffic from on Air BnB only because it isn't close to vacation spots unless the property you find is East of I-95 (closer to the beach).

A condo has its place, but there are more downsides, to include HOA issues, common spaces, control issues.  

That budget will control the marketer towards the varieties of events the organization can afford to follow, and also their regularity.

Remember you don't have to own a property to control it.