I always make it a point to emphasize to our new potential owners that they will earn more having us manage their MTR than if they self managed as a LTR.

On the other hand, STRs present higher income potential, flexibility in pricing, and potential tax advantages, but require active management, adherence to regulations, and may entail unpredictable income.

Michigan might be a bit easier to start with because you may have more knowledge about the local area and market trends, but starting there could potentially slow down your move to Florida.

With the help of two local kids I loaded his personal goods into a rented truck, said goodbye, and thus began phase two of my entry into real estate.Marketing for a buyer was predominantly done in the print media.

Be sure to diligently evaluate potential properties through inspections, condition assessments, financial reviews, and property tax assessments.

He is acting as the buyer's agent in the deal since he has his license.

We'd like to seek a construction loan to complete the build of our new home - does anyone know if a typical real estate rental business plan would be sufficient to show potential income increase? 

I would be a first time home buyer. 

Yes, generally seller financed deals will have less benefit for you as the buyer and more benefit for the seller.

The purchase price of your potential new primary versus your HHI is under 2x gross which in today's climate is rather impressive!