In fact it will more likely be advantageous to you. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

But see if you can take advantage of sec 179.

@Michael Plaks I've had no issues with them but, wonder if they are giving me all the tax advantages out of my rental.

Hey David, For your lake house, implementing a 7-day minimum could work well, especially if you aim to take advantage of the short-term rental tax benefits, such as the "short-term rental loophole."

I'd recommend looking into the "Multifamily DSCR Loan" product for anything up to 10 units - not well known yet, but has a lot of advantages in the MF nichehttps://www.biggerpockets.com/...

To be fair to the Columbus Cartel, spamming the forums doesn't mean they are taking advantage of people.

This is a great place to learn and to connect with people so take advantage of all the great resources.

I am leaning towards hiring an attorney for the peace of mind but I also want to make sure I’m not taken advantage of. 

If you don't want to squander it but want more passive, you could invest it in tax-advantaged mutual funds.