It can work, as long as you understand the fundamental principle that somehow is missed by a lot of investors who are seduced by the promise of tax-free income.

I’m not really focused on which market just quite yet just because I want to build up my competency first hand, but I do know that I will be investing in the landlord friendly market and follow the fundamentals.

Markets with strong fundamentals will attract investors, thus people will compete and drive returns down.

A few thoughts:-You need to know what the repair costs will be on avg. per month; that's fundamental to your financial model.

Rich Dad Poor Dad.Understanding fundamental investing and how the rich THINK is the peredyne shift you will need to allow you to become rich.

One of his proposals is rather fundamental: to replace current deductibility of pre-tax IRA and 401(k) contributions with refundable credits.

Fundamentally ADR x nights booked is a reasonably reliable way to calculate gross, but owner usage of the property really puts a wrench in things. 

Great fundamentals, high growth potential, and low barrier to entry.

Know your fundamentals going in and that will you avoid some problems 2 - Make sure you are building in 20%-25% of instant equity that way if you need to get out you have some room to unload and not take a bath.  3 - In the beginning take on smaller rehabs... that way you are getting in and out within a few months or less and can avoid major downturns.  

If you have to rely on BP to check your advisors' advice - they are not advisors.One of the most fundamental advice they apparently failed to give you is that you and your SDIRA are completely divorced from each other.