Buying rental Cottage air bnb VRBO

[Nathan Johnson]

My wife and I would love to get started in buying rental cottages on some of the many lakes in Michigan.  Our plan would be to Air BNB them.  Ideally we would rent cottages for approx 200 nights per year at approx $200 per night. Doe snayone have experiences with setting ups vacation rental properties with property management companies.  

We have about 20k in savings and approx 300k in equity in our current home.  I have a construction business and my father-in-law is a licensed builder.  He and I can do any and all renovations that are needed.  My in laws would be willing to put money down and be investors in this process but they're certainly old school and risk is scary for them.  They also don't see the big picture when it comes to having multiple properties.

I just need to get started.  Perhaps I just need someone to kick me in the behind.  

Other than Heloc on our current property, how would you suggest pulling the trigger on our first property.  Once a cottage is purchased would you suggest cash out refi after renovations are completed?

Thanks in advance