In the state of Florida, you should have two bank accounts, operating and escrow. 

To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment.

When I run the numbers based on these rents, the property operates at a negative cash flow.If I increase the studio's rent to $1,400 per month, the property becomes cash-flow positive.

Greystar Real Estate Partners, one of the defendants, released a public statement claiming they operate with “utmost integrity” and will vigorously fight the allegations.

I have some flexibility but rely heavily on my team for admin work and the day-to-day operations of property management.

They perhaps can build cheaper than you can, finance cheaper, operate cheaper and to get it leased up, offer things like 1-2-3 months free rent. 

And Sec8 sounds great, but comes with it's own issues.Add it all up you get a low dollar, but high headache strategy, which is a challenge that gets amplified, especially when you are operating remote.

If operating costs increase, then customers/tenants will eat the costs in tight markets.

These operators totally bungled the deal and operation but still made money due to the market.2.

It depends on where you want to position yourself in the market and what makes sense from a business perspective in relation to your overhead / operational costs.