Too often, I just hear people say they are "looking for a good deal", but defining that good deal in a specific area makes it much easier to spot. 

The next deals came much easier as my confidence grew. 

Those agents who are helping their clients finding a tenant are easier to talk to and my become your advocate.Here is a huge exception.   

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

For short-term rentals (STRs), the 100-hour rule may be an easier path.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

I think enough investors are looking to invest in these kinds of properties because of their potential, and with as many property management companies as there are, it makes it that much easier to be an owner.  

Any major drawbacks or is it easier than it sounds? 

I thought it may be Form 8832, but it doesn't appear to be the right one based on the questions it asks.

I'm not sure if that would bring in enough money but it would certainly make things easier financially speaking while you built up your real estate portfolio.