You need to work with a property manager that has experience with this, unless you plan on doing it yourself.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

Hey Rachelle, I'm a broker and investor up in Sacramento, and manage about 100 investment properties, almost all Airbnb / STR.

For the property I purchase, I’d like to keep my monthly mortgage payments at $2,000 or less.I prefer a turn-key property since this is my first rental, and I want to start generating monthly cash flow immediately without the delay of repairs or managing two mortgages.

Hi Allende, my firm handles property management here in Miami.

Do it very intentionally, not just for the sake of scaling up, but to get better quality or easier to manage properties that will replace lower quality or harder properties. 

First, Are you licensed and insured to manage other people's properties?

Starting out in real estate can feel overwhelming, but breaking it into clear steps makes it manageable.

You can also write off expenses such as property management, insurance, repairs, etc.

CRM: What’s the best CRM for managing leads and clients?