I was also a licensed realtor in FL at one point so am familiar with the business from that aspect, but still have so much to learn as I move forward as an investor.  

Looking for our next property to have a vacation aspect to it.

The first aspect is that premiums for whole life insurance coverage are greater to begin with, however remain steady gradually.

You will use a title office, and there are attorneys there that handle that aspect of the transaction.

I'm mainly interested in the aspect of how to acquire and market to tenants.

In addition I am planning to set this up as a business and have systems in place for all aspects of managing tenants and a property for it to be scalable for myself.

People often have a misunderstanding of depreciation recapture.Yes, you do have to include the depreciation recapture as income in the future...BUT it is taxed at a maximum rate of 25%You may also benefit from a time value of money aspect - I would rather get a deduction now than potentially having to report it as income in the future.

Glad to hear you love the remodeling aspect.

@Marvin Mitchell sounds like you're drawn to the aspect of forced appreciation.

If you are taking out debt to put up your money (i.e. from a HELOC), you should also account for the interest on the debt payments.There are lots of tales of partnerships going bad, so I highly recommend getting the partnership in writing, covering all aspects.