Good to review some of the situations others have encountered and avoid them. 

Start building policies and procedures for the ones you're most likely to encounter first, then work your way through the list.

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

So far I didn't encounter such deal, and that not arrogance, it's just that I'm not in this business long enough to hit the wall yet, I'm sure I will though.As to my preference, as I stated before, I like to dip into both appreciation and cash flow, I just don't believe you can maximize any of it in one single property.

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. 

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.

For anyone who might encounter this post looking for the same insight that I requested in this post...

@Marc Anthony All Thing Real Estate sells signs, stickers, skins for what you are trying to do!

This is what I am encountering, in the current Mortgage Industry.

I'm a native so the prices are... the prices but I too suffered sticker shock when moving from Millbury, MA (out near Worcester) to Newton, MA back in 2013.