It is to prepare you for the inevitable and create a Defensive position.It is calculated using Rent.Example: $1,000/month rent - set aside $50/month for CAPEX, $50/Maintenance & Repairs, and $50 for Vacancy.

If I was to venture a guess (just a guess), the Fair Housing Act might fall under the federal governments power to regulate "interstate commerce" because the buyer or tenant may be coming from another state.

we are preparing a map of the zip codes, similar to the one in Memphis, TN (murder capital of the US) to allow us to concentrate in areas that are conducive to invest.

Be prepared for large assessments you'll possibly need to pay into, and I would make sure the majority of the condo is STR already in a large vacation market.

They jump from one venture to the nextThanks for sharingAnother great reason!

Never a good idea to tell someone who is advising on this forum that they have mis conceptions about goals.. they are trying to help and may have misconstrued your postAnyway your plan is solid and I think you will will get there alone or using a  Joint  Venture investor  for sure

I know this gentleman and have spent a time with him, this is his second venture, the first was in Colombia. 

I would be willing to joint venture on marketing efforts and everything in between just to work with someone.  

Our financial backing underscored our dedication to providing essential resources for successful real estate ventures, facilitating a seamless and profitable transaction with our partner, Seth Choate.

Typically need to be prepared to put down 25-30%.