Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

Does anyone have experience with banks that offer these without fees? 

I’m brainstorming ideas on how I can market myself to potential mentors in the STR game in order to gain experience.

I would have been told by someone about index services (with correct hours) before spending $40 in postage to overnight something to Springfield.Hope my experience helps a fellow investor.

@Chris Lin, I appreciate your candor and sharing your experience here at BP. 

Panelists were seasoned pros, very helpful and I was surprised by the level of experience amongst the attendees. 

Can you send me a link and/explain from either personal experience or an example of when you seen that happen.  

Since you're in Destin, you might want to check with local firms that have experience with STR-heavy communities, as they’ll be familiar with the risks and requirements.

We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

Make sure they have legit experience in working with investors.