A good strategy is to compare areas and see which best suits your situation and then become an expert in that neck of the woods - find the best investor-focused realtor, etc.About your second question, I am not a lawyer or accountant so you will need specialist advice there. 

Thank you Ed, I appreciate your insight. 

Dealt with some pretty unprofessional realtors, seen some properties with real structural issues, visited some pretty run down areas and gained some insight into how people live, a reminder of how fortunate I am....it's a grounding experience. 

Thanks for the insight!

I am looking for insight and expertise with the HVAC system, because I am newer to real estate investing.There is currently one natural gas furnace in the basement that pushes air to all three units and floors.  

Considered: Minneapolis, Los Angeles, Las Vegas, Denver, Chicago, Kansas CityInvestments: Arguably the most "under construction" part of my plan, your insights are welcome and encouraged.2BR, 2+BA Condos with roommates - Lower values lower barriers to entry theoretically, but internet skimming of this investment implies that HOA assessments are an ROI risk to be likened to underestimated capex.

Lessons learned, insights, feedback is much appreciated as I'm highly considering putting a portion of our home on Airbnb.

@Jerel Ehlert thanks for the insight that pretty much nails this down then and I have a full understanding thanks for the heads up it is actually a relief in knowing that I can just go on a month to month even though they marked those out and still exercise terminating the lease with the tenant upon notice.

I’m not an expert but there are very few ways for a landlord to end a lease in New Jersey, but I believe you can terminate the lease with 60 days notice if you will personally occupy the property.

If there is any other insight you feel that would help me (since im just getting into this) I would really appreciate it.