What lady the kids pop out of doesn't matter, you rented a house for $XXXX, be happy they're paying rent and are good tenants  

What should I watch out for, and is there a significant advantage to choosing an EA over a CPA?

One thing to watch out for... it is a tax, but not an income tax (so it applies to Roth accounts as well). 

As you read these books, watch the BiggerPockets podcasts.

I watched some of your videos on YouTube and was impressed.

There are multi-million dollar houses that you can walk just a couple short blocks and watch the neighborhood get pretty rough and potentially dangerous.

As others have said watch out for property taxes and home insurance too. 

If you do not have 300k income you are not even allowed to participate at Accredited-Investor only Investment.It's just matter of time until the authority comes and investigate more private investment that involves public/investors money.I am also involved in certain clawback litigation against previous quite-famous-syndication that was under SEC receivership now.It's fun to watch how the GP has to sold all their Rolex watches to bring back the money back to investor.

I would have never suspected giving somebody who has no money and no experience to buy real estate would not get returnedOh and your payday lending loan is also not securedI remember when I used to drive by stores like this called payday loans and pawnshops - which atleast there you had to give up your Casio watch

As you read these books, watch the BiggerPockets podcasts.