Creative Financing Tips: For those who’ve done this before, what are the dos and don’ts?

Looking for tips and help to add another property!

However, I want to ensure that my rental contract is comprehensive and protects both my interests and those of my tenants.I'd greatly appreciate any advice or tips on what to include in a medium-term rental contract.

I think these tips can apply for lots of vacation rental markets.

Thank you for the tip, Colleen.

I plan to have $60k in liquid assets to be able to invest. I

That pot of gold you are eye balling for 2060 is only a few natural disasters, recessions, market melt downs, health problems or unexpected emergencies away from expurgation.

Any advice or tips for someone new to investing? 

You'll regret it.A tenant must be a law abiding citizen (no criminal background), willing (credit verification) and able (job income verification only w/ no commission or tip payments included) to pay rent and take care of a home (landlord references)   If they pass all these, then whether they are "nice" or not comes into play.  

Something like pink and green striped sheds, ugly art like gold painted toilets.