After speaking with a broker in Virgin, UT, I learned that capitalizing on that  Zion national park tourist vacation rental market can be (relatively) pricey and challenging.My investor and I are looking for something close to nature or smack-dab in nature; but, still close enough to modern amenities to resolve any issues should they arise (emergencies/food etc).I learned that if you are in the mountains, you will more than likely not have year round access, no water/rights, 2 hours away from amenities and no management willing to make the drive to check on 1 cabin, needless to say it was a little discouraging to hear. 

The information on the addendum could give you a clue as to if they give any preferencesCall the listing agent or better yet the asset manager if you can get access

Do you plan of hiring all the contractors, creating the design, and managing the work yourself? 

Closing costs: $3515 (3.5% down on FHA)Conventional 30 year @ 3.25%Income: Current rent: Lower 2BD $800 (rented MTM but I think I might be able to get $900)                     Upper 1BD $500 (I would occupy upper)Market Gross rents: $700-1200 2BDMonthly liabilities: Mortgage (P&I): $399Utilities: $150 Vacancy: $65 (5%) CapEx: $65 (5%) Insurance: $90 Repairs: $65 (5%) Property Management: Self managedProperty taxes: $408Total expenses: $1241Monthly cash flow~ $58.64/mo (Unless I can get $900 for rent then it would be ~$145/mo)My current rent is ~$500/mo with utilities.

Does any one used REDS and FASS property management service in Cleveland area?  

It doesn't seem to me that I need something as advanced as Quickbooks, was thinking about Quicken 2016 Rental Property Manager which by the name seems well suited to the Real Estate business but the reviews are less than stellar (mostly software instability issues).

Sorry to take your request for coaching and turn it around with a question but did you get you Managing Broker License or the Broker License?

As an investor, document management is not a problem.  

He worked as a mortgage broker for years, so he understand that aspect.What we trying to accomplish is for him to be able to become an acquisition manager, learn the different methods; cash purchase, owner financing, subject 2, lease options, JVs/retail price, etc. 

My brokerage is one of the larger residential property management companies in the Orlando area.