We don't provide tax services (just bookkeeping/CFO) but are huge fans of receipts in all circumstances just in case...

It does come down to your goals, your time to allocate, your business sense, your ability to bring or raise capital, and what you are trying to accomplish.I am personally not a fan of short term rentals, as it appears regulations in many cities keep making it harder.

@Dan WeberI'm a fan of Sect 8.  

I'm a fan of overflow cities/towns if you are looking for a lower purchase price. 

An old tv infomercial championed you to get rich quick and sit on the fan tail of a Luxury yacht sipping a tall cool drink surrounded by swimsuit clad models.

I'm a big fan first as an investor of cash on cash , DScr , never really follow cap rate since most over calculate it their favor.  

Aloha,While associated fans may be multi-speed, the actual "cooling" mechanism- compressor, evaporator, condenser, coolant lines and controls, are not.

I would make sure that crawl space is vented proper, may need a small commercial grade fan not sure .

@Brent WarnerI am a huge fan of purchasing a primary and turning it into a rental later on, it is one of the lowest barrier to entries when it comes to building a portfolio.

I'm not a huge fan of the current pricing structure--which is a different issue--and we often don't use a buyers broker but it is far easier dealing with a seller's agent then the seller.