Would you still invest in these towns at this price point if Airbnb is off the table?

Both partners should come to the table with their goals and ideas around split and then find a situation where you are both getting mostly what you want. 

There are a lot of great options but being aware of what that might look like is important going into a deal so that you're not surprised at the closing table

See table below.3.

Sometimes, it just takes the threat of foreclosure to get the homeowner to the table.

Cannot speak to legal ramifications, tax implications, or other liabilities, but on the banking side; it is going to be very difficult to leverage the property if you ever wanted to cash it out or refinance.Banks generally do not like transient housing, it is ineligible for Fannie/Freddie financing and many Non-QM options are off the table as well. 

He comes to the table with $70k. 

I'd be happy to jump on a call or text anytime you are available and discuss a strategy, run some scenarios, or take a look at potential properties that come across your table!

You will have to bring equity capital to the table. 

.- I work in Southlake, so I’m aiming for something within 30 minutes of there (or nearby areas).While I don’t bring a large amount of capital to the table right now, I do bring time, flexibility, and a strong willingness to learn and put in the work.