You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

Many newcomers spend their first few years working under a sponsoring broker, and during that period, the broker often earns a significant portion of the revenue.

gotta echo the sentiment for spending some time on the ground even if a small amount on the front end. 

Make sure you spend a lot of time reading, learning, and meeting people before making the first investment.

The greatest control point is before that first lease.

Love to hear that your life is in your complete control now...not someone else's

You said "don't do it for the money," but I'm sure money calculations were part of convincing you this would be a reasonable way to spend your time and money.

You're going to have to spend a bit of time researching markets but I think picking a market you like to visit is always good. every vacation becomes a write off! 

He felt spending more time disputing the rejection was not cost effective and i see his point but suspect airbnb recognizes this and uses it to their advantage.  

Hey Peter, thanks for the comment and the insight and you are absolutely correct about knowing what sells in your market, I see this happen with a lot of fix and flip projects that are just in the wrong areas, the investor gets the house for a good price however spends too much on repairs and adds a lot of luxury thinking that it will push the ARV significantly higher than the average in the area.