My biggest tip would be to attend in-person meetups; we actually have one coming up this Saturday if you are free: https://www.biggerpockets.com/forums/521/topics/1209859-lear...There is something about meeting like-minded people in person that really seems to create a positive energy. 

If you decide to go with it, understand that you're taking some risk.And, speaking of risk, the main risk is the IRS focusing on this strategy at some point and identifying it among "abusive tax strategies" as they did, for example, with notorious conservation easements.

Beware of trusting people with a profit motive.

@Ashley Guerra - I live and invest outside of Philadelphia, so I can't comment on your specific markets in central and south Jersey, but can provide my perspective on things to think about to help your decision.1) I would consider speaking to 3-5 people/investors in each market you are considering (central and south Jersey) to listen to their thoughts on pros/cons of the area and how they invest.

Most people say to start an LLC for liability purposes but some say you should use it to gain tax benefits afforded to businesses and not individuals.

Places where people want to live.

People are popping this stuff all across the smokies and nobody is renting them except maybe a few weekends during peak fall coming up.

I’m also passionate about financial independence and building long-term wealth through real estate.Looking forward to connecting with like-minded people, learning from your experiences, and contributing to the community.

Different lenders might have different rules.Not from my understanding.

So I have gained so much from just participating at a fairly low level for a few years, but the people I've met and things I've learned have proved invaluable.