With that comes knowledge of the law, experience, skilled screening and selection, established policies and procedures that prevent problems or nip them in the bud, professional marketing, and so much more.

Finally, I don't know what experience you have in real estate if any but you clearly think outside the box and it's a valuable trait to have, whatever you end up doing in the world of real estate or beyond.Hope this is helpful.

The forums, where users can ask questions, share experiences, and get advice from experienced investors.

I will tell you from experience that the squeaky wheel gets the grease in this process.

@David Tang speaking from experience, you want the tenants to have coverage.

I have experience with STR, MTR & LTR and I live and work here in Escambia county. 

We have also partnered with a reliable general contractor who will be investing in the project and has extensive experience in mid-scale hotel construction.

Without real estate experience, it is next to impossible to vet a good property manager and a poor one will be your largest expense.3.

Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?

A couple more things to consider as you do this, and I've overseen 100+ apartment units renovation that we've owned and managed so I have some experience in this. - If you're already tearing out the cabinets, maybe see how much more it would be to re-pipe the water lines or re-place exposed sewer lines.