They take good care of the properties, but there's not enough attention given to pricing strategy and they spend money like nobody's business (not a problem when they were spending their own money on the master lease model, but a BIG problem when they were suddenly spending OUR money as the PM).

@Alex R.I would be weary of anything involving Suncoast Property management.

If you know where any more notes are that can be acquired for $.10-$.20 on the dollar please let me and I might change my business model to a Note investor. :-)

We know that investing in real estate means building a business that incorporates the right investment strategy, tax & legal plan, financing, retirement planning, insurance & estate planning. 

I have questions about their business acumen though.

This will set up your buy and hold business long term. 

When you mentioned selling and other investors being involved.

Our goal is to have a short term rental business and build it over the next several years.

And personal downsizing is always good for business!

It's also good to read local business journals and visit the chamber of commerce website.