You can also be added to a "List" or people that banks/lenders use to flag all of your future applications similar to a "Fraud Guard".

I don't know how to run a skip trace and don't know the proper software that people use and in Florida, some people do not take kindly to knocking on doors :)Thank you!

We all are human and want to give people the benefit of the doubt but the longer you wait = the longer till you get paid.

As a general rule I would say multi for all the reasons people listed.

This is a great place to learn and to connect with people so take advantage of all the great resources.

There are a few people that would be wise to reach out to in order to get this information.

After consulting my realtor I discovered the ARV would only be about $60,000 and that it was going to take about 10 years to get my money back and likely 10 years to get the value of the property up consistent with what I had put into it.

Any advice on the kinds of people I should have in "my team" to make this a success?

For some people this is OK since they will get use, future appreciation and a likely refinance in a few years. 

I would just say that recently in my experience diversifying out from STR into motels/boutique hospitality has been high risk and set some people off path - it can be a very lucrative and good move - however, if you are having a lot of Success with traditional STR - it seems like a lot of people are looking back and saying they wished they stuck with that and expanded with what was already working!