Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

It will save you a ton of money upfront and you'll gain the experience to upgrade to larger deals.  

I have experience with minor to medium size rehabs but nothing as extensive as needed here.

I'd love to connect further and hear more about your experiences!

@Walter PinedaEven if someone give you a referral, what meets their expectations, may not meet yours.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

@Matt PowersFrom my experience, deciding between short-term rentals (STRs) and long-term rentals (LTRs) depends on the market.

I wanted to ask advice of some of you who have a lot of experience in long-term rentals. 

I would recommend talking to many lenders/brokers to see which one has the most experience funding these loan types. 

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I doubt I would hand the whole thing over to a developer, as I'm inclined to use the experience as a stepping stone in my career.