Best thing to do, in my opinion, is to do some research:1 - Figure out what your end goal is and how you plan to get there2- What niche you want to invest in (single-family, small multi-family 2-4 units, large multi-family).

Best to seek counsel from your attorney and tax professional but if you are going to insist on saving a few dollars, best to provide more specifics on the type of partnership you are contemplating so you can get your hands on something that's remotely relevant. 

Also, there’s specific insurance policies (not simply landlord policies) that cover you for commercial use like STR.

So you can educate yourself to the specific neighborhood and home in the price range you are looking for.

Maybe if you have specific questions I can answer them. 

I have a great list here for furnishings: https://docs.google.com/document/d/1RzTpNu1Vsm1_PJxPa_uTk5vL...That said, I think targeting the big sale of the years (Feb clear out sale, summer sale, black friday, etc) and using Camelcamelcamel to track prices helps for niche items.

What I've shared is purposely vague as I don't have specific questions and am more interested in your reactions, thoughts and personal anecdotes so I can better understand and appreciate the timeline.Again, any and all comments would be greatly appreciated.

We aim to have a spread of at least 10% ARV so if we know we can sell in a specific area at 75% ARV - repairs, our MAO would be 65% ARV - repairs. 

In Florida and specifically my area sometimes it is hard to market a property at a certain price and advertise the energy quality of the home. 

However, in many cases you likely won't be able to obtain by-laws until you are under contract.I would have your attorney include a specific "HOA" rider in the contract for this exact reason- It basically would require that you have ample time to review the governing docs of the HOA, such as master deed, current by-laws, current year’s budget, and last two years of audited financial statements, association meeting minutes, etc.