Does that sound like a smart plan? 

So far so good, will see how the pandemic affects the overall business plan....you can DM if you have specific questions....

We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management company?

In need of an excellent CPR attorney because I currently have a Kaneohe property under contract that I plan on CPR'ing.

STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.

Maybe check out Arizona International Mortgage... they've helped others navigate this before.If you're up for it, we could grab coffee and chat more about your plans.

My W2 employment will terminate at the end of 2024 so just trying to plan for the future if/when rates go down, how to best approach a refinance. 

Is it a poor plan or are there any obstacles I may be overlooking?

I'm planning to invoice them half each in their payment portal.

Having a detailed rehab plan and experienced team is critical.Not Screening Tenants Properly:The rental phase is crucial, and bad tenants can cause property damage or miss rent payments, disrupting your cash flow.