Never in a million years would I have thought that I would be a real estate investor.

Be prepared to potentially have zero income for many months.In addition, you will want to check the permits.  

Any thoughts on this?

With the short term rental property, I have the time to be active in it and I thought buying with cash or a very heavy downpayment would be a good idea so that way I can have a greater monthly cash flow.

I highly recommend letting the attorney prepare the operating agrement based on questions they present you rather than have them mark up your version.

To optimize your performance as a STR host, remain current on evolving technology and trends in the business.You obviously have a hectic schedule, but you can get through the process of buying and operating your first STR property with commitment, thoughtful preparation, and team support.

You mentioned having family members in the area, so thought you might be considering that.

But also if going directly to the organzation provides those policies, I thought some would offer this type of assistance or what I have read but never found.

But, for the sake of the renovation portion I would greatly appreciate the thoughts and opinions of what options you all recommend and what has worked well for you.

With the short term rental property, I have the time to be active in it and I thought buying with cash or a very heavy downpayment would be a good idea so that way I can have a greater monthly cash flow.