I live in NJ but have some really good friends guiding me towards Scranton.

I have to pay state and county taxes and also do direct bookings, so I found this to be easiest for me to handle each quarter. 

Read as many RE books as you can get your hands on.

The argument against this though, is that the audit technique guides suggest that the 1245 asset components have to be 'personal property', aka movable assets.

Who is your target audience to book?

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts Also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

NEVER pay for a guru/mentor/guide/whatever.

You must dot your I’s and cross your T’s with a halfway house state regulators will be sure to look into the books since she gets federal grant money to run the house.

We went live in June and were very excited to see reservations book solid for June-August, then every weekend until Thanksgiving by mid July.

I just read 5 books (out of print, published between 1979 and 1986) all related to wealth building thru real estate “trading and exchanging” (not for tax free exchange).These were the most convoluted, confusing, and unfocused real estate books I ever read!