To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

He does good work from my experience.

I have no experience in buying or maintaining rental properties and a small savings.

Are there any experience investors that could list out briefly the general steps beginning with purchasing the land to selling the new home?

You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

He has 40 years experience with hundreds of these or 1000s over 40 years.

My investing experience has been in stocks, mutual funds.

That style is the best to capture a STR due to the wide-angle shots to give guests a feel for the home, and then also detail shots to give them a feel for what they could experience at the property. 

Speaking from personal experience!

It doesn't seem like you have the experience to say that the deal is a winner.