I am being very cautious on my RE at present.If I wanted a mostly passive RE investment and RE was not a passion, I would evaluate RE syndicators and create a relationship with the ones that pass my scrutiny. 

If you do decide you would like to explore STR investing in Orlando, we are happy to help you crunch the numbers and evaluate different Disney area communities/property types that may be a fit for you!

I am currently evaluating a deal but I only have experience in valuing and owning apartment buildings. 

BUT - with that, you want to get started - which makes it tough.Here’s something you might not have thought about… if you cash out refi your property your county tax assessor will quite possibly treat the refi as a sale of the property - which will trigger a re-evaluation of the taxes on your property to the higher value of the new loan… even though you didn’t transfer the property to anyone.  

If you are confident in the evaluation of this property being in a class B neighborhood, I would try to avoid sec8 entirely because it may not exactly be necessary to find a strong tenant that qualifies.

I will re-evaluate and definitely try the 3 night minimum.

There is also a halt on progress on that hospital due to legal issues, so it might change all together. 

You have to evaluate what made you go over your budget and either adjust the scope of work, do some of the work yourself if you're able and then like others have said, get alternative funding like credit cards. 

I am curious as to what an investor looks for when truly evaluating a deal?

Excited to watch your progress!