I have heard that it is common practice that private money lenders collect a monthly fee thru various methods, I'm trying to determine what those methods are.   

However, I don't know from a practical point of view if it's doable 2) Condo vs townhouse vs cashflow: I noticed condos  and townhouses are way cheaper in fort myers FL ( however risk of hurricanes) and maybe more opportunity for cash flow.

I'll make sure to spend the initial deals learning and asking questions to gain practical insights.

I know a lot about the industry through my education, but have very little/no practical experience when it comes to managing investment properties. 

I have a call scheduled with someone on his team for Monday & hopefully that gives a little better direction / insight into best practices for new members.  

All well and good to dream big, but you need to understand the practicalities and probabilities of getting the deal to closing. 

However, I’m unsure of the actual process of paying myself as a business owner.Here are some questions I’m hoping to get clarity on:How do you legally and practically pay yourself from your Airbnb income?

For example, for a business owner; they have no practical way to 1031 exchange.

In practice rents will be slightly lower and sometimes slightly lower.

This forum is pretty open and people often share their knowledge and best practices, hence don't hesitate to ask any questions you want :) Good luck with your business!