We knew the land and area were the valuable part when planning on building our cabins for short term rental.

I agree that FL is a still a hotbed for investment but I am not sure condos specifically are worth the risk.

Has anyone in the community prospected specifically for land with some good success? 

I’m planning to get a loan from the rental ($400-500K) as seed to our next purchase.

But you also want to make sure you have enough left over to make sure you have some holding costs should things not go as planned.

I realize there are many other things the investor needs to know regarding SEC rules, investment plans etc. but i am specifically referring to how they get their money back. taking the same example above, if the pref was 8%, and the loaned amount was 100k and the purchase price was also 100k. how would the general partner get paid?

My eventual plan is to scale - do most have a single financial LLC with its own checking account and each rental LLC finances go through that one?

They will make cheap/easy fixes or they will discover your specific problem isn't covered by the warranty and you'll have to pay for repair/replacement anyway.Most property managers will not manage a home with a warranty because of the rejections, delays, and poor work. 

Many 401k plans offer a loan option for a real estate purchase if you plan to live in it. 

Rochester has a lot more in common with Buffalo than, say, Troy or the Hudson Valley.If we're getting that specific, there are a few more areas to consider.AdirondaksNorth Country - Watertown, Potsdam, etc.Long Island (very different than NYC)The Finger LakesWith that many regions, I think it's better to just use city names rather than regions.