There is a fairly robust tourism industry there and you could easily find somebody to run your airbnb while you're not there... caretakers are individuals (not companies) who typically work for a percentage of the rental income.  

This is because the 2% annualized yields 24% for the rents, and then applying the 50% rule leaves an NOI of 12% (these are all percentages of purchase price, or purchase price plus capital outlay to achieve stabilization).

Most of the major funding companies I am aware of, who make a business out of buying owner finance paper, use partials on a large percentage of their purchases.

From this data, you can utilize a website bestplaces.net that will give you a breakdown of the percentage of homes that sold, in various price ranges, for a given zip code.

@Eddie T.I'm interested in getting a line of credit in the manner you mentioned, but can't you get a higher percentage of your deposit returned on the credit line?

John, perfectly fine to use IRA funds to take a percentage ownership of the property (equity stake) that is intended to be flipped, however, flipping is an "active and competing business" and as such, your profits on said equity stake WILL be subject to UBIT taxes.

Multi-family homes seem more investment-friendly in this area due to the 2% rule, or even 1-1.5% rule, being less necessary because most monthly expenses will be less of a percentage of my total costs in a duplex compared to a SFH.Houses in this area will appreciate, especially since they are near the beach, and Jax Beach neighborhood is random ( Every other street is high-end, every other street is a bit run-down ), but over-all improving.

What percentage of profits would you suggest?

For example, in exchange for his hard-won knowledge and advice, you give him a small percentage of your first profit.

They want a professional to handle it.At the end of the day it's still a percentage of the sales price - so if a broker is getting a $100k commission check for example, the seller is getting $1.666 million.