This puts the current market rents of $885–$925 per unit well within the affordable range, with room for modest increases post-renovation.I’ve also reviewed competing properties in the area; apartments seem to be listed between 975 -1000, and houses are listed between 1300-1900.

I included a link below to your state's association with all the requirement info.Keep in mind that getting into Real Estate is not a cheap adventure. 

There is a great group of members on here to connect with.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

As mentioned take a smaller cut to complete a deal if necessary.

Would a HELOC or home equity loan on my personal home be a good idea to fund this?  

OK lets analyze this post.I still fail to see the value in that post... not one single person genuinely interested in learning how to wholesale would find any value in that post.Don't you agree?

This would end speculation and bring you a lot of credibility.Please post a deal that meets the criteria you claim you have "tons of examples" of. 

As everyone said, 20% is fair for a manager to take care of a STR.

@Jay Fayz Do you have a source of regular income?