Took time over Christmas to dive into all aspects of the website and found the "live in then rent" model discussed and thought I could do it.

I have had experiences dealing with production builders in the past, learning both the positive and negative aspects of their work.

The legal and regulatory aspects of selling a home, including managing the necessary paperwork and ensuring compliance with local laws, can be a bit overwhelming.

Together, you can carefully consider the financial aspects by comparing the potential income from renting to the costs of selling, including any repairs needed to make it more marketable.You may qualify for a conventional loan with a down payment as low as 3% to buy a new one.

Good luck with your house flipping business, and I hope you find the right professionals to guide you through the legal and tax aspects of your venture! 

Since you bring up condos: not only could the local jurisdiction change their laws (less likely in a high vacation area like Gulf Shores), but also any HOA doesn't step in and start trying to restrict Airbnb usage.I think the thing many people don't think about is the marketing aspect of the successful Airbnb's.  

What is you opinion on setting up LLC and other aspects of this business first.

I want to get involved in all aspects of real estate investing. 

Overall, it's great that you're thinking ahead and considering all aspects of the rental!

@David Bennett I am guilty of being the ‘nice and forgiving landlord’ in this circumstance and letting the behaviour repeat so I’m taking it as a learning lesson that being kind and cordial is always a good thing - cause I really do love the people aspect of owning rentals and providing people a nice safe home to live in - but don’t appreciate being take advantage of :-)