If this sounds daunting, then partner up with someone with experience or get involved in a syndication to mitigate your risks.I wouldn't put all my eggs in one basket but rather spread the wealth and create passive cash flow from multiple sources on a continuous basis.Good luck!

A lawyer is going to go after the low hanging fruit which is always insurance.

I don't like all my eggs in one basket.  

Finally, send that prospective tenant a gift basket for enlightening you.

Lastly, being a good landlord will always bear fruit so it's best to be on top of every issue that arises.

We plan on making the home as "green" as possible and having an organic garden and fruit trees in front. 

You can get a tall cabinet to fit in the space left at the end of the vanity by the door....or leave it big enough to tuck a laundry basket in.

New construction will likely ramp up, adding supply and likely limiting major future price appreciation.It is still possible to buy cash flowing properties, but the low fruit is long gone and it takes more effort to engineer a solid deal. 

Diversify your investments: Don't put all your eggs in one basket.

I hope your real estate investing endeavors are fruitful!