I have five houses in Memphis area, and the biggest problem has been finding a good property management company. 

I'm thinking I could have someone manage the build as my eyes and ears when I'm working.

For example it is my understanding that Big Bear allows it but whoever is managing the property has to live within 1 hour of the property. 

I’ve been a real estate investor since 2015, owning and managing multiple multifamily properties and running a short-term rental business in Cape Cod, the Lakes Region of NH, and the Berkshires.

Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else). 

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?

You should consult with local property managers and find what the average DOM would be to lease your home and rental rates etc. this would be a good starting point. 

I'd be seeking someone to fund the down payment of the deal and I would be responsible for property management/bringing in funds for initial renovations for a profit/split.

Hi - congrats on purchase, Championsgate is a great STR area, as somebody who owns and manages homes in the area, I would suggest you use a STR broker, Fudge insurance are in Orlando and specialize in STR homeowner insurance, we use them for both our properties, but also other insurance needs.

Not overpaying and getting great terms 3. multiple bids/ quotes 4. project management.