My goal for the team would be to have one project under-way by EOY.The exit-strategy of each deal will be dependent on location, market data, and ROI comparisons to determine the best route forward for the team and our goals at the time.

This totally depends on the state and many look at STR as hospitality and you don't need a license and all that jazz.

This really depends on the entity, # of members, etc. 

Quote from @River Sava: Hey April - Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.The process usually involves checking your current loan terms, appraised value, and credit situation.

Yes you can but it depends on the lender some lenders do not allow due to overlays and in house restrictions. 

Hi Max, it all depends on how much liquid cash you have of course. 

It depends on how many guns you want to carry!!

The markets that can help you achieve financial freedom (see the Dependencies above).Talk about over analysis.  

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

Unlike Vegas, where tourism can be hit-or-miss depending on conventions or events, Florida’s Panhandle delivers steady demand every season.