Our flips because they are short term I don't worry about as much.

I don't mean the following to sound discouraging, but I would encourage you to be extremely cautious and conservative before buying a random property in Dayton because someone - a property manager, an agent, the seller of the property, some random person on BP - tells you it's a 'great deal,' and you will 'cash flow.'  

Here is a short list in the time it takes to finish my coffee:- STOP deficit spending at the current rate.

Try to get good at one particular type of seller first.

I would recommend looking for real estate events and connecting with people in the industry to see what the market is like for people flipping, holding long-term, or short-term.

Better yet, have an attorney draw it up since he will know what questions to ask you two. commissions are earned and should never be put back into the project your partner will owe personal income tax on it.. if you want to get a credit for it.. you have the seller lower the price by the commission that is how you handle that.. if its to late then its his money and he should pay tax on it and keep the rest.

Example- finding motivated seller.

Now, that's not just a statistic; it's a testament to the enduring allure of Miami living.With 24.2% of purchases made in cash, it's evident that confidence in Miami's real estate market runs deep.The median time to contract and sale has quickened its pace, creating a symphony of efficiency that sellers can't help but dance to.Challenges emerge like ripples in the ocean.

You can enter a lot of detail or keep it short, and you can even attach receipts and pictures.

Aaron -It appears you are well on your way in your analysis of where the opportunities are in your search of our short term rental market here near Disney World.