I am not lawyer, don't know much about law, that is what my understanding of what my lawyer told me. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

I'm being told that the area will have zoning laws within the next 5 years so I guess it would be who of me to get this thing going.

I've been house hacking my place (I rent out a 3-bed 2-bath residence and live in a small in-law unit in the back) for just about 3 years and have been setting aside money each month for my reserve fund.

Depending on which market you plan to invest, it's also helpful to educate yourself on state restrictions + laws, rental property management etc. before diving in.

.- State Local Laws: Follow rules on what tenants can be charged for.- Preventive vs.

If you're near a medical and/or law school, monthly rentals are preferred by those who are preparing for board exams over vacation rentals as well as by visiting professors. 

(Couldn’t really afford the place, didn’t have good enough credit to be worried about an eviction, etc etc..)2) They should have posted a 5-7-10 (depending on local laws) to “pay or quit” as soon as the ent was late and started eviction.

I would also be aware of any state laws related to cryptocurrency that might be active in your market. 

Without question, do not open escrow or transfer funds without going through a Real Estate Law Firm.