That being said, if it makes the deal make sense I'm definitely willing to take this on.

How did you find the deal?

Using the equity in your home via a heloc/2nd mortgage is an option, but your home will be at risk if your deal goes sideways and youre unable to make the payments.

What matters is how the deal is structured in reality, not what it is called. 

I'm certainly hoping for this, as I'm invested in two apartment deals that have been struggling in the suburbs near Phoenix.A post like this is a great way to meet local investors and agents, and you can always visit the Phoenix Market Page to learn more about the market, and begin browsing deals for sale in the area.

I'm not worried about finding the next deal or anything and as far as management goes, Florida doesn't require any license for self managing.

The alternative is to find a seasoned investor in the location where you plan to invest, work out an agreement with them to bring their money, time, expertise, relational capital, systems, etc. to a deal you bring to them, and let them show you the process from beginning to end.

Even a marginal real estate deal will often look better over time if you stick with it.

Just posted a deal I will be doing in STR.

Where are you finding cashflow deals in Ohio?