The company I work for will go to 15% but our standards are pretty strict.  

So my local market in Florida is still booming and finding anything under market value to BRRRRR seemed to be causing more work than results so I decided to adjust my strategy and find more stable markets via long distance investing primarily in Cleveland, Ohio with the help of this guide:  The Ultimate Guide to Grading Cleveland NeighborhoodsSo rather than strictly BRRRRR in Florida I am also interested in Turn Key and BRRRRR projects in Cleveland with its very welcoming prices.

Basically its pretty strict in terms of displacing older tenants, or lower income tenants in order to create luxury (or any but luxury is what they are building) condo units.

Over the last 20yrs my focus was strictly equities {stocks}, REITs etc.

Also, from strictly an investment point of view, what are your thoughts on buying an A-frame?

Strictly speaking from the 1031 persepective it would be best is if could end up with each of them as tenants in common. 

If you have to strictly enforce a lease in an adverse situation likely you are both losing.

When we started the Airbnb the restrictions were not as strict as they are now.

Does the lender have any strict guidelines that is going to cause a fork in the road down the line?

A quick search indicates that Pennsylvania has fairly strict laws regarding this.