You are also going to need to decide how to manage the property. 

Hi Melanie, I both own and manage in the area and to be honest, the market in Kissimmee/Davenport is tough right now unless you're willing to invest a lot of capital into high end theming. 

@Chris Seveney We don't plan to make money by managing the fund.

@Alba Cheung,your property manager should have already handled this and you should not be involved.

However, like most property managers, once in awhile they do have investors interested in selling and at that point, they may reach out to their clients about that sale. 

@Colin Ford recommend getting experience with your RI duplex before going OOS.You should DIY manage the unit next door, so you LEARN about property management, the goog, the bad and the ugly.Then you'll be so much better prepared to invest OOS!

You can also partner with experienced investors who have the funds but need someone to find and manage properties.

I property manage STR in the cape cod so this is actually good info

You can contact some local property managers and get a better idea of the rental market.

It would cost me only $2300 per month which includes rent utilities furnishing and property management. she showed me one example only of a customer who profited greatly.