These events are often difficult to predict and can have severe consequences, such as significant losses or market disruptions.

Run the numbers with your bank, but trading one debt for another with a higher interest rate doesn't make sense. 

Depending on how you are structured (personal, LLC, etc.) will dictate tax consequences . . . you want to get that straight BEFORE you buy the property. 

Instead of stretching yourself thin to show off or stroke your ego, focus on building wealth so you can live like nobody else later on, put the kids through college or a trade school, travel the world, etc.

I have a lot of the professionals and trades needed for both BRRRR and flipping, but am looking to connect with some folks who have already been through these processes and can lend some advice. 

You get a lot of the above in the process of obtaining a Real Estate license in many locales, and as a licensee you are generally kept updated on changes in the laws that affect your industry, either through required Continuing Education, or through local industry trade groups and pro-active business leaders.

It's important for investors to stay informed about these developments and to ensure that they are operating within the law.While it's true that the short-term rental market is still relatively new and uncharted territory, it's important for investors to be mindful of the risks and potential consequences of operating outside the law.

Most people do really well just buying a building and trading up, selling, holding, and this book has some good stuff. 

I do only investments so people come to me vs a jack of all trades realtor.  

That is a tricky situation but you could implement stricter tenant screening processes, implement strict rules and consequences for tenants who violate the terms of their lease, try to work with the owners of the surrounding properties to address the issue of problematic tenants, offer incentives for good tenants such as rent discounts or referral bonuses, and consider partnering with local organizations or community groups to improve the area and make it more attractive to potential tenants.