Ones that I haven't encountered before and do not know how to handle.  

You can also choose to only accept Airbnb guests who have been reviewed by other hosts to try and minimize any negative incidents or encounters with your guests.Start with doing a little research on Airbnb in your area for studio apartments or people renting by the bedroom.

During studying for the CPA exam over a decade ago, I first encountered SEC rules for raising capital and syndication.

There's just such a variety options that you can go from here that there's never a set plan of what you may do once you get started due to whatever deal you may encounter at the time and how you would go about acquiring the property, whether it be conventional, hard-money, private investor, partnerships, 203k etc. 

However, we've received some sticker shock.

I have been encountering a lot of resistance form listing agents who barely even entertain the thought of receiving one of my submissions because of "investors" putting in very high offers.

Some of the challanges we all encounter are universal.

Loan mods are the worst false hope band aid I've encountered in the business.I appreciate the 'hotline/brochure' approach to give them all of their options, but are you a foreclosure counselor working for free, or are you a real estate investor there with a specific solution to their problem?

The reason being: a mentor who actually knows you and your circumstances can provide feedback that's far more personalized than what you'll get from podcasts, books, etc.When I was first starting out, my main "mentor" was my agent--who has a TON of experience buying, selling, rehabbing, maintaining and managing properties. ...back before I had any experience of my own, he was an incredibly valuable resource who helped me navigate some pretty complex problems that podcasts, books, etc. don't address...real estate is a complex business, and every time I think I've seen it all, I encounter a new problem/challenge that just isn't fully addressed in books/podcasts etc.I didn't pay my agent directly for his mentorship, but he realized I was a serious customer (especially after I bought my third property with him), and so he was willing to provide a lot of guidance because he knew his time would be paid for the next time I bought another property...today, I'm his best client, and we regularly have multi-hour long discussions about countless issues/challenges/problems we encounter in REI.So no, I wouldn't suggest paying $10k for a guru, but I WOULD suggest surrounding yourself by highly experienced, highly competent people, and figuring out a way for you to bring value to those people so that they're incentivized to bring value to you! 

In comparison to many of the U.S.A. markets - especially along the rust belt - that's not a high return and 15%+ is obtainable.BTW:  The house will not always be fully occupied and you will also have bad debts and evictions, so unless you know the area vacancy rates well, better to be conservative.As for your PM costs, I've never encountered a PM fee below 7% unless you are dealing with a large portfolio.