Outside of my principal & interest costs, here are my monthly expenses:Electric: averages $300Water: averages $50 (including irrigation water for lawn)Management (includes weekly pool care, trash cans out & in, pest control): $280HOA: $52Property taxes: $400Insurance: $325Lawn care (weekly): $100Florida STR license: $15Niceties (internet, tv services for guests): $100, and this is generous as I include some stuff I pay for from my own house that would cost more if I didn't. 

bare bones website  no mention of he staff or principals.. so maybe.. just dont send up front money .if they hound you for up front money then you have your answer

You need to weigh out the costs, benefits, and drawbacks of the different scenarios such as keeping in your name, putting in LLC, forming a trust, etc.I would also suggest reviewing your leases, etc. with the CPA and Attorney (might have to be a different attorney that specializes in Real Estate).  

The principal, interest, taxes, and insurance (PITI) might be approximately $850.

Website  is it brand new  or not.2. are the principals on the website or key staff with their contact info.3.

@Kristin VegasYou can but like others have pointed out there are drawbacks to this strategy.

When you make an extra principal payment on a loan the ROI on every dollar spent is the APR of the loan.

What do you think are the potential benefits and drawbacks?

The drawback you have to fit "in the box"; 20% down +, excessive reserves requirement, specific restrictions on tradelines, assets guidelines, DTI under 43%, owner occupancy etc.. if you are open to ARMs you will have a bit more options..Also need to consider the type of property - if condo/condotel banks might not finance at all.. there are many factors to consider we do have some good outlets for jumbo, would be happy to review your scenario and give you a quote.

Principal & interest = $2,623/month.