Go with an owner-operated and someone with experience...but who is also hungry. 

ROI factors in rental income, operating expenses, real estate market health, and property appreciation to assess the potential return.

The other person is your investment partner in LLCPartners in LLC pay taxes based on operating agreement and % ownership (each partner gets a Schedule K-1 to report the income from LLC on personal tax return)@Nicholas Dutson more details needed on your property, what it's worth, etc to answer this.

In Florida you can put the advanced rent in a separate account (per F.S. 83.49), and when upon the accrual of rent on the due date, you transfer the money from the account to your operating account.

I'm not familiar with the market but I've operated MTRs in a few different markets.

Hi @Scott Deetlefs, I’m in a high-level STR mastermind with lots of operators in NC who’re successful.

If either of these numbers is inaccurate, there’s the potential to operate on less-than-desirable margins.

We have a portfolio of homes we lease to assisted living operators that cash flow on average 3K a month.

Annually, Does the higher nightly rate but higher vacancy rate push off the highest operating income? 

The first lawyer handles anything that comes up normally in the course of business and often operates on his/her time as opposed to being the fastest.