I believe in Florida, HOA liens have priority as of the recording of the declaration of the restrictions except for first mortgages where the lien has priority as of the recording of the lien. 

As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises?

This leads me to believe 100% goes to investors until repaid, then 65/35 split.

Good luckI don’t believe it would be able to accomplish significant cashflow due to the location.

I believe this is one of the best ways to start in real estate.

We have offshored our reservations department and have them assisting with reservations related administrative tasks but I believe you will still be extremely involved in the day to day without a PM company. 

@Kyler Cook I believe you already have your answer, tithing on your gross.

You trick yourself into believing that the old house just has some quirks that need some love, but then after a full rehab, the electrical concerns were reprimanded.

@Ann Taylor I took her January class and the mentorship program is now $19,700 i believe.

I can't believe what the developers sell these things for originally though.