@Peter Morgan I agree with others on this thread, but just to directly address something that everyone is referencing, it’s critical that you reject the tenant in a manner that does not violate Fair Housing Laws.

Ken: You can distribute dividends to adult children from your family trust and they will be grossed-up, credited and included at the child's marginal tax rate, but dividends to minor children are still subject to the "Kiddie Tax" ... you could also achieve this directly from a corporation by issuing distinct classes of shares to each family member and only declaring dividends on those classes held by the adult children.

I remember distinctly telling him that I have met a lot of ------------s in my life.

Educating yourself on business models that work (via mentors, etc.) and taking massive action are critical to moving forward.

I am excited to have the ball rolling and know that it is critical to set a solid foundation before scaling up.

Anyway let me know what you think and we would love to hear your opinions/constructive criticism

This is one reason why I’ve so consistently advocated that sponsor selection is the most critical decision a passive investor will make.  

Also, unlike some other beach destinations the Panhandle of Florida is accessible by car for many families which can be critical if they are traveling on a budget.

That's critical for me.- I looked at TenantCloud.com.  

Investing out of state is very difficult.Underwriting properties is critical, deals are right around you, you don’t need to go out of state to find them.