@Les Jean-Pierre The news from New York about AirBNB is interesting and likely trend setting.I read last week that Stephen Ross of The Related Group has asked his residential property managers and tenants to keep an eye out for AirBNB use in their properties.As the deep pockets (aka bigger), large owners such as The Related Group likely want to avoid being accused by NYS of supporting a concept that requires regulation.Many cities globally follow New York's lead on policy (e.g., the smoking ban in restaurants). 

A decade ago, this company publicized their efforts:http://money.cnn.com/magazines/fsb/fsb_archive/200...http://articles.latimes.com/2004/jul/25/realestate...In 2003, I started a similar strategy in Denver, and was able to acquire over 40 homesites in Overland, near the Evans Light Rail Station.  

Thanks everyone; John, Evan, Slocomb and Todd... many great points here. 

@Ross Sumner I completely understand what you're feeling.

@Mike Evans Way too low for CapEx and Maintenance on this age of product.

@Evan Thomas The neighborhood is just west of a University Medical Center that's growing by the month so I'm confident the area will develop nicely.

Ask lots of questions and as @Jeremy E Van Dam mentioned, pick someone doing what you want to do and offer to assist in return for learning the ropes.It wont be long at all before you will be much more skilled and seeing opportunities that you may have missed early on in your career.

My name is Evan Renaud 29 from Boston, Massachusetts and I've just joined the site after listening to the podcast daily for the last month.

My name is Evan and I am currently living in Maricopa, Arizona which is just a little south of Phoenix.  

Hi Ross Kauffman I actually work in Hamilton so I'm familiar with the area.