You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

For example, real estate investors with STRs can't count the hours spent on STRs toward REPs requirements.  

I do my fair share of $300k-$700k sales here in Los Angeles don't get me wrong, but my easy math brain loves using the even numbers for examples!

An example of this would be mixing your personal money and LLC money in the same bank account.3.

Getting a 2nd is extremely difficult and for those who buy seconds or are considering them here is an example of "what the guru does not teach you"In Georgia, a non-judicial state, a foreclosure is not done through the courts.

I see a few challenges arising with this type of set-up.If for example, he/she doesn't do a good job or if you no longer need their services or if a conflict arises between landlord and manger.Is their a way to structure the managers pay without bumping in to challenges later on?

While rent rates do increase, so do the potential headaches of managing multiple tenants.For example, here in Bryan and College Station, TX, you can get an extra 10% by renting out rooms individually.

For example a rental house I am interested in (in Lexington) is listed for $187,000.

There is virtually no way around this, unless you for example are renting a room, and another tenant, in the same unit, has a deadly allergy to a specific animal type. 

In Portland for example, you cannot do STR for greater than 90 days per calendar year if you do not owner occupy the property (unless you have a property with commercial zoning).