There are lots of great experiences here...some moderate experiences...and some not so good.  

As with so many things, everything in moderation...

You'd think as a moderator they would give me more that two bullets.

Being new to the game, I have read books and researched the topic to a slight/moderate understanding of how exactly to execute a whole sale deal.

Take your flip process and do a more moderate reno to hold and refi later. 

And 3 weeks later when the alcohol wears off, and a heart shaped box of candy appears with apologies--he's back in the saddle.So she wants to control things and have him taken off, you have a contract with him also, what if he wants her taken off and booted to the curb.Cowboy references because  I like @Nathan G.'

New Providence appreciates at a moderate rate and Abaco is a bit behind New providence in this regard.Thank you for the investors you are about to send my way.God bless you and have a great evening! 

Unless you have a family member, or members, willing to spot you 100K on your word, you are going to have a challenge securing either private money or hard money (even equity based) given your absence of a track record and skin-in-the-game.If you really have a deal on your hands, a viable course of action in your situation is to bring the deal to an experienced flipper in your area in exchange for a) the ability to shadow her/him and get mentored during the course of the rehab and sale {while providing labour} and b) a small/moderate slice of the proceeds when the property sells  {do not be greedy here, if you get 10-15%, plus an education, you have done well}.

Liability becomes a greater concern when you add alcohol or other substances to the equation -- a common occurrence when dealing with short-term renters.The reality is that many short-term rental guests have never owned their own property and as such, there is a risk they may lack a sense of responsibility and respect for your vacation home.

Cap rates will go where they want to go but we believe an upward moderate forecast would make sense.