Ideally they're interested in a small turn key opportunity that would allow them to operate a short term rental business while also utilizing the space personally for vacation - great idea right?!

IF you hit one, the intense pressure they are under can release and severely damage the concrete, or worse, hurt or kill the saw operator.

Give yourself a wider operating margin and a safety net.

But if you have a real business setup, and have been operating it for at least a year or two (with two years tax returns), you should be able to go to many lenders and get quality access to financing -- albeit with more paperwork than the other guy with the W2.

I plan on operating this place as a rental for twenty years.

No one has yet responded that operates in IL therefor no advice you have received can be relied upon without verification.

Just make sure to draft an operating agreement.I typically see 50/50 deals when one partner brings the money and the other partner does the work. 

That first property has generated a pretty decent cash flow, and we just closed on our second single family rental in March 2018, located in Wake Forest, NC. 

I’m looking for specific information such as how to find investors to manage properties for, the hurdles you have to overcome, and the intricacies of operating such a business.Any advice is much welcomed!

He is generating $150 extra after mortgage, bills, and saved costs for repairs.As we move into the direction of life and family future, we are looking at ways to create more financial freedom.