As for my Airbnb research, I have spoken with a person who runs numerous Airbnb’s in a different area (city atmosphere) who provided good ideas on how to smoothly run the property.

@Henry Clark in step 1, what is the numerator of the ratio?

Numerous ways assets can, legally and illegally be placed beyond the reach of judgement creditors. 

Unprecedented levels of investment in private and public projects have made Kansas City a major entertainment and employment hub.The Kansas City economy is diverse with numerous employment opportunities and a growing population.

There's no right or wrong way to do this, just varying levels of risk and reward and YOU need to understand what they are for whatever strategy you choose. 

There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway.  

The Phoenix market, for instance, has been seeing shifts that reward creativity and timing.

@Stephanie Jacobson it will only encourage and reward slumlords who don’t put a dime into their properties or properties they buy because they charge cheap rent.These properties usually become so untenable that they become vacant and boarded up.

Each asset class has its own pros and cons, or risks and rewards.  

What I can share is that the risk-reward will not be worth it as a 'newbie' due to your limited capital and inability to actively manage your properties.