You'll want to understand what the lender can do and whether your could manage that change. 

I'm relatively new to this so just trying to understand these tax implications before we get started.

You can have (2) people on the same loan or more. 

I have 50+ people on my contracting company only working on the houses I buy and am speaking from that experience starting with zero contractors less than 3 yrs ago and having been burnt very had multiple times throughout the process. 

Considering how much I enjoy meeting new people and communicating, the STR approach has been successful and enjoyable Now we are pursuing our second investment property and are considering a property which needs some TLC and has large value added potential, considering that its in a prime location on the oceanfront.

I personally would never invest money in an area that I didn't know, with people I didn't know, in a business I knew nothing about.

@Jared Rollins so if I understand the situation correctly.

The location definitely was obvious, at least to me.I’ve hosted monthly meetups in my area of Mesa, Arizona for around 7 years now and the majority of people that attended came from BiggerPockets.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I'm not sure I fully understand what FDIC insurance covers, but want to make sure our money is protected from any fraud or cyber incidents while we shop for another house.