that doesn't make them bad investments - i'm still buying. 

So not as bad as I was expecting.

. :)  Thanks for tagging, Sean.David, you received mostly good advice from my colleagues on this thread and mostly bad advice from your CPA, it seems.

I think the biggest issue, is the fact that there are so many social media influencers, with huge followings providing misinformation which leads many new investors to have a false sense of "education".

Lots of skinny deals, overpriced vs. sqft/layout, bad street, or a combination. 

And, especially if your goal is to build a portfolio to live off of, bad deals (and even marginal deals), will keep you from achieving that goal much more than slowing down and waiting for better deals to surface.But beyond that, I also find I get most burnt out when I am invested in deals emotionally and with time.  

Furnished Finder means you will need to have more interaction points to process them and collect payment--- does not mean it's a bad option, but there is less automation involved.

Some areas its not bad other areas its horrid and you do one and leave like for me I will never build in the city of Portland OR again.

The fact of the matter is you mitigate that risk by doing what the folks above already told you....you bring money to the table and you have money in reserves if things go bad. 

I like trusts better, much easier to "hide" behind, however, insurance is your first line of defense.Also, doing simple, smaller deals where less can go wrong is not a bad idea.