Take short-term rentals - they do provide several tax benefits, but they are hard to run and very hard to succeed at so people make the mistake of choosing the tax vehicle, get the benefit, and then lose money on the investment and hate it.

I made enough mistakes to cause enough pain so that I crawled into a corner and curled up in the fetal position for 30 years.

You should be able to learn from their mistakes and avoid them.Can you buy a 2-4 family, live in one unit and rent out the others?

I started house hacking at 22 and this is what I've learned, my mistakes, and what I regret: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

She acknowledged her "mistake" in getting the address correct but blamed "scrolling" as the reason she was wrong 🙄.  

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

You are about to learn the hard way (if you had not posted in here), that you are making a mistake with your strategy!

You’re making one of the most common—and biggest—mistakes most wholesalers make.If you need to ask, “Is wholesaling still a thing?”

Once they realize the mistake they made they’re too embarrassed to acknowledge this openly so you mainly hear about the cheerful student  “success” stories which the next wave of naive victims rely on. 

Its not easy but its possible you just need to talk to people who have done it before and learn from their mistakes and help minimize yours.