The down side is you are living in a renovation for an extended period of time and if you are doing a lot of the work yourself to maximize profit, the trade off is your personal life.

The more that you actually go check out, the more you will learn and feel comfortable talking with sellers. 

Ideally I would like to be within 30 minutes of Apopka.Thanks in advance:)Hello Tram,Welcome to the world of REI in this crazy market of Orlando that we real estate pros have a love/hate, but mostly love relationship with.I'm a local agent and have worked with a few investors who lived in an investment property and the best advice that I can give you is to find neighbourhoods where you will feel comfortable living first, then look for a suitable investment properties in those neighbourhoods.

Maybe, you are asking too much, but then again, if you're not comfortable, don't pull the trigger.

Just don't feel comfortable enough investing in Ft.

Meaning if that investor can step into your shoes and take over the project, they might be comfortable with sinking half of their available assets into the project. 

The property is going to sell itself, you just need a design to maximize your profit, great contractor team and the will to pursue this with excellence.

I would recommend structuring the initial equity split based on what you feel comfortable investing in the deal and what your investors are comfortable with.

My advice would be to find a provider you are comfortable with before deciding on a market.  

If you are comfortable doing it, that would be a huge plus.