He is bringing in the property plus $25,000 cash ($20,000 to cover closing costs and $5,000 for initial operating expenses), while I'll contribute a $130,000 cash downpayment and handle day-to-day management due to my proximity to the property.

I mainly stay in this area for ease of management.  

My formal education in business management and marketing led to my MBA in 2005.

Hi Shane, Reach out to real estate agents, brokers, property managers, and investors who specialize in the Orlando market.

The previous owners had inherited the property and realized they were in over their heads managing the apartments.

@Mounish Thatikonda, while I can't speak in too much detail about the financing side, I will note that I have never built a house, but had talked to lenders in the past, and they were willing to finance a new construction house for me with full personal guarantee and a reputable builder contracted to manage the construction.  

The nightly rate Airdna provides can typically be viewed as a cumulative average throughout the year but slow season will be lower and peak season will be higher.If this is your first short term rental property, I recommend looking into a PMS system and dynamic pricing tool like Pricelabs, or consider looking for a co-host to help you manage most, if not all of it.Hope this helps!

Hi, I’m currently selling my two duplexes in Belton, Missouri and I have this property managment  meridian Realty.

I actually managed to get a quote for a conventional loan recently, just so happens that the only thing holding me back at this point was my job.

Begin with something manageable to gain experience and build your confidence.