Investing in STRs in Davenport/Kissimmee FL

[Vijay G.]

I am a newbie investor starting to grow my portfolio, live in NewEngland and planning to invest in Davenport/Kissimmee area as it attracts millions of tourists for the parks. I am planning to buy 3-4 bed and 2-3 bath with a pool (something newly built). There are plenty of listings so I am guessing lot of competition. 

Being far way I am little bit hesitant about the following things 

1. purchase a property which your realtor looks and gives good insight and you proceed with the offer. 

2. if the offer gets accepted, Visit FL to set up everything. May be my realtor can with with this too.  

3. Can I manage the STR being long distant ?

4. As the interest rates are rising, is this good time or should I wait until late fall/Q4 to buy ?