Here's my slidedeck on MTRs which is basically what you're referring too.

I can refer a couple of great PM's in Orlando if you want to get another opinion or two. 

"Big" government refers to powers, not level.

So, do they really want to hire a lawyer to try and fight you, and have their credit wrecked in the meantime and have a terrible landlord reference? 

@Teri Feeney Styers the slow flip method that I think he is referring to is the one coined by Scott Jelinek which is buying a livable property using private money on a short term (typical 60 month--like a car) and immediately marking it up 2-4 times and selling it on a 30 year term using a land contract.

As best as I can tell on both sites, the algorithm looks something like this:Cheapest price>least restrictions (cancellation, # of days minimum, etc)>Premier/Super host>Review Scores>Most discounts (weekly, last minute, etc)>Regular revisions

This is the class of property that I'm referring to when I talk about very high tenant demand and low vacancy. 

You don’t need a 50 page llan you will never refer too but a one pager with actionable items is my recommendation

If you have a lender you trust and work with regularly, it wouldnt hurt to have a conversation about it with them.

Only thing better would be initial deposit and then paid in full upon Certificate of Occupancy and punchlist complete.Of course, standard items should also be checked: licensed, insured, willing and able to pull all required permits, reference checks.I would also commonly avoid the cheapest bid you get.