You should speak with a CPA and a tax attorney to be safe.Regarding your thoughts about 1/3 equal splits - sounds good until you check out the cost of getting a DSR rehab loan or borrowing hard money.

Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule. 

Jorge, this post hits hard—raising equity is definitely a beast!

I'm in a few Facebook groups and honestly I don't love the format and have a hard time remembering to pop into FB. 

I’m told taxes and insurance is lot and will rise each year and cash flow is hard to come by.

We send out explicit instructions by email to our guests before check-in and have a hard copy waiting for them upon arrival.

Quote from @Marc Shin: Hello,For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR? 

It's such a broad question that it's hard to answer.My original intent was financial freedom for my family.

Most of my clients:1) Put 20% down for a conventional investment loan.2) Put 10% down for a second home loan3) Something else, either hard money, DSCR, or portfolio loans.These are the most common ways. 

It's great that you are ready to start investing, but it's very hard to answer how you should start without more information.