Red River Gorge (RRG) ranks among the top short-term rental (STR) markets in the country, a fact backed by third-party data.

One last idea, if you are on friendly terms with your neighbors, offer a gift card, dinner or (fill in the blank) in return for cutting up your tree and hauling it.

@Karim WahbaSetting up a fund vs syndication for flipping homes comes down to scale and structure.Syndication: Typically involves a single asset, which can be stupidly expensive in terms of cost/time for just one flip unless it's a high-value property.

Are there institutions with better terms like longer payoff period, interest only, no minimum draw, or something else I'm not thinking of? 

We manage all of our own medium-term rentals, but would never do an STR.

Is there any areas in FL that seem like they could be great opportunities for long term holds?

You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

While cosmetic fixes can improve the property's appearance, addressing major components like the roof and HVAC ensures the long-term sustainability of your investment.

When thinking about loans, think of getting the loan okayed, loans for fixing up, the value in the long term, the state of the buying and selling market, and where the property is.

Even if you take a loss on your investment by getting out, it's probably better to part on good terms than having to lawyer-up.