Quote from @Beau Guidry: I agree with all of the above and will add the exorbitant insurance costs are squeezing rental profits at the moment. 

I agree local institutions are a good starting point for financing needs like this, but I'd expect the bankers will be unfamiliar with the STR opportunities in the market.

Agreed, Will ask for referrals. 

I agree. 

Title companies really had to take a ton of risk since Wayne county was the most dysfunctional county in the entire country at the time..

Depending on how much you'll like to contribute to this retirement account keep in mind the self employment taxes you may need to pay of 15.3% and age if contributing to a traditional not roth type retirement account.I agree with the above based on your answer you most likely won't have issues in FL.

I agree - it's a smart way to get into real estate—especially if you want to save on living costs and start building wealth.

I agree with @Joe S. that its not necessarily good advice for newbies to go after that market.But I will tell you how I found all my off-market deals, and actually anyone can do it.

Duplex, House + ADU, create walk-out basement etc...Agree on how the partnership will work in advance. 

I agree with Jonathan, plus how much is this money going to cost you?