You have a skillset that could be extremely useful for quick fixes and landlord issues and from there you can bridge relationships and partnerships to enhance your knowledge of real estate investing and couple your skills.

@Don Konipol @Chris Seveney to my knowledge are current fund owners/managers and are very versed at the rules..

I even have a cousin who is homeless - by choice (?!??).

Starting with single-family and small multi-family properties is a smart choice, especially out of state.

The real life experience is the best option for learning and gaining the knowledge you need. 

While you can't take forever and a day, because a desirable candidate has choices, deciding too quickly can be disasterous.

Forming a business to protect my assets is an area I need to gain more knowledge in.

I hear everyone though, buying a home for STR is the next step and it is the better choice.

A knowledgeable attorney can help you set up compliant contracts, review your processes, and ensure you’re staying on the right side of the law.5.Consider Structuring Deals for Investors•If you want to avoid Dodd-Frank requirements entirely, you could focus on selling to investors or structuring deals for non-owner occupants.

For those with coverage, whether an occurance of it is covered would be based on how it occured and did/should you have knowledge about the potential for mold.