Hi Dylan - I am also new to RE investing but have a lot of background in building a solid financial base.

I'm glad this thread came across to me based on my keyword alerts!  

The equity and profit would all be split based on money put into the deal, so I would have 20% equity and would be entitled to 20% off the net profit.Here is my issue: both of them are pretty set on holding the property free and clear (10+ years) because their primary goal is solid cash flow and secondary income to their businesses which can be seasonal.

Located right in front of a large navy base.

As a host you can adjust your pricing based on demand. 

Be careful about the neighborhoods, there are some neighborhoods in the counties that I won't put money into based on downward trends of maintenance and appearance.

Here is a scenario I’m basing my question on.

Airdna is not just based off algorithm but actually data pulled directly from Airbnb/VRBO, which hosts agree to sharing when they list on the sites.

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

They are about $100 for a 3 foot base cabinet.