Alternatively, you could group higher-risk properties in one LLC and lower-risk ones together, reducing the burden.

The potential issue is that he may have gotten his interest rate when rates were lower and you may get the deal at a higher interest rate which can potentially have the deal at break even or at a loss.The quality of the deal will depend on what your net income is and what you are putting into the deal.If in the above example and you have the same net income, the deal sounds amazing if you are putting in $200,000 because you have a 10%+ rate of return.But if you are putting in $2,000,000 the deal is horrible because you are making 1%

I’ve been looking at data on rental properties in Destin and Panama City Beach, and certain amenities seem to drive higher booking rates.

@Matthew Samson I definitely don't recommend going with a higher cost provider until your portfolio is a little further along.

(After all, they could be completely honest with the costs but the costs be low because they are doing insufficient maintenance.)But you should also build in a contingency and assume costs will be at least a little higher than they say. 

You'll add more value to your park by selling the home for an incredibly low price but having the new tenant agree to a higher lot rent.

They still could get the $200k long-term rental exemption and be taxed at a higher rate. 

Note that with a purchase or refinance, there are always going to be closing costs (typically higher on a cash-out refinance) and this restarts your amortization schedule. 

As an investment, the property size and scope of the project are definitely higher in Orlando. 6-8 bed homes with fully decked out outdoor amenities and interior design is a must.  

Will the source of the money cause me to get a higher interest rate than what I otherwise could qualify for?