Would haeve to put all my eggs in one basket too .

Very often I meet real estate investors who chose to go with a $200 tax return filing accountant who costed them thousands and tens of thousands of dollars in mistakes like miscalculated depreciation, missed deductions, miscalculation of capital gains when selling the property and so on.I understand you don't want accounting fees to eat all of your profits, but I simply encourage to factor what you're getting from your accountant, weigh it against the price and find the combination that works for you.

Our professions are not related to real state or construction, and I never had to constitute any kind of company in the USA (did back in Spain, but laws have nothing similar).After much reading, the only two things I'm starting to get clear are: that buying and selling within a year has very different tax implications than living in your home for a few years then selling it, and that I should find at least a good CPA and possibly a good lawyer specialized in real state to figure out how to structure this to minimize taxes and liabilities.At the end of the day, my goal remains the same that I want to end up with a couple of investment properties, don't necessarily need to base my retirement on that, but just to not have all my eggs in the same basket.

(As in I get no reservations when I have them, so I eat the cost of cleaning and make almost no money for a 1 night stay which is a very frequent reservation request.)

I recently heard of a conference with top real estate executives that had a panel of 5 millennials.The millennials sat on stage and these executives asked them questions about where they eat, what they do at night, where they want to live, etc.How often is everyone taking millennial activity into account when making investments?

The DSM Metro does a nice job of keeping clean and hosting multiple "touristy" events annually... for which the locals EAT UP.   

Stainless kitchen with peninsula doubling as an eating bar.

But this industry will literally eat you alive.

(nothing on paper yet)or do I eat my mistake (property will still make money) but I am now in the hole an additional 20k to start?

No more chickens, eggs anymore....