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?

Converting the entire property to a rental later allows full deductions but eliminates primary residence tax benefits, potentially increasing capital gains taxes on sale.

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...

If I would have paid more, I would have bid more)They made a mistake and thought it was a different property (there are several with the same roadname but not the same Parcel - and this was professional who was bidding on several properties)Can anyone clue me in to what the heck is goin on here? 

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.

I think he said his mistake was not understanding Amazons abilities at that time. 

@Mark K.My mistake. 

It should really help you avoid a lot of mistakes other out of state investors make here.