But, all of the areas around there are starting to develop as well. 

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.

@Wale Lawal I would like to gain experience but like you said that is my long term goal to get appreciation and build a nice portfolio over time.

Might be nice for your personal home but I do not think on an investment property is worth it - except for the marketing angle as people like our salt water pools.

And then you can use that information to start to develop your own personal due diligence method: Crowdstreet.com, 1031 Crowdfunding, Akr7, Finresi etc.

Have a nice day.If they get a lawyer, direct the lawyer to your insurance agent.I'd be really surprised if you got a summons or heard from your insurance company.ALSO, i would non-renew at the end of their lease term.

Ditto, I use PriceLabs for my STRs - here is a nice writeup ...Airbnb Smart Pricing Vs PriceLabs: An In-Depth Comparison For Hosts | Boost Your Short-Term Rentals

Needless to say it has nice finishes.  

A good DST would absorb the rest of your debt nicely.

However, you have to invest in specific communities where they are encouraging development.