Still, I recommend learning about as many concepts as you can, then decide which ones appeal and for what reason, and then really dig in and learn all the details.that's basically what I did.One other thing, James, that I find often perplexing: When I ask people what they would charge a customer if they were a master car mechanic, master plumber, master-electrician, master-carpenter, etc., the hourly rates range between $50 - $100. 

I do concur with Chad that you might want to start closer to home to learn the mechanics of the business.  

Are there long-term costs like end-of-life mechanicals that you need to account for? 

You may wish to confirm that the new 401k provider has experience with the particular investments in which you intend to invest your retirement funds as you very likely will have questions in terms of the mechanics (e.g. how do you invest in real estate, etc.).3.

Are you trying to sell the site and then utilize the 1031 exchange mechanism to buy a "safe" building?

The bulk of profit on a real estate deal is going to be the appreciation eventually so that is my main point of emphasis, the location and if it will at least pay for itself after all the expenses.

Financial, legal, marital, mechanical, physical, emotional, vehicle problems and just overall bad luck.Everyone I rent to does contract work in a refinery. 

. - (Good) property managers for STR keep a VERY close eye on the property so your always stay in good cosmetic and mechanical shape. - Long term rental is so often associated with costly turnover.

From there, you have an endless number of combinations depending on preferences (e.g. tie-break mechanism, capital call mechanism, etc.). 

(emphasis mine).