I suggest creating a list of questions that are important to you and start asking!

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

Thanks all for the replies, suggestions and comments.

I would suggest a good PM to start if you don't have a solid background in hospitality or at least something in the service industry.Self-managing can save a ton of money if you know what you are doing. 

Any suggestions for this? 

Instead of putting your whole venture at risk through a single partner, I suggest you build a team of employees and develop solid succession planning.

That ship has sailed and it was never at the discount you're suggesting. 

Starting with the Right PropertyGiven that this is your first STR and you’re planning to manage remotely, I’d suggest focusing on a market with a strong local infrastructure for short-term rentals—like Panama City Beach or Destin.

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.

I would suggest making some calls.