A good way to structure would be via an LLC with a clearly defined operating agreement - very specifically spelling out roles and responsibilities.To go one more step outside of the financing piece i would really encourage you to take a look at what you are getting into.

FL is actually one of the currently 23 states where HOA's can enforce this Super Priority Lien via foreclosure.

I am currently working on getting my real estate license via online.

And, $1,500/mo rent doesn't even seem like it would cover the mortgage payment on a $300,000 mortgage, which would leave you losing money each month, even without reserves or expenses.Given that your max rent is $1500/mo, I don't see this working even if you could negotiate a significant reduction via a short sale.

We did our closing in part via electronic documents, found a notary for our signatures on the hard copies and used FedEx to send the paperwork back.You don't mention investing at a distance, as I have done, but research is research.  

I have been reading up a lot about apartment investing via a value play.

@Tammy Wise I'm a newbie who got licensed because I feel it will help more than hurt what it is I hope to accomplish via REI.

We are clear about ownership with our tenants and primarily communicate via text.

Seems to me that the only true legit way to build a vacant leads list is via good ole driving for dollars.Thanks in advance.

Lucia for our honeymoon via Delta), for a cost of $250 or so (I pay off my balances).