The potential repeal of Costa Hawkins is very bad for our industry.

Good luck with your choice on FHA vs.

It's a personal choice.

In all likely-hood you will loseYou can also take minimal risk and get very small returns like a CD paying 2%.The key is to find the sweet spot in the middle of those two with enough diversification to protect you from one bad decision.But back to your original question.

Save as much as you comfortably can without also depriving yourself too terribly much.If you have no savings and are highly leveraged, you're one bad situation from serious financial trouble instead of financial freedom.

And those who don’t get bad reviews and eventually are rejected by hosts in the future.I don’t have a problem with a lodging tax for short term rental properties.

Not really my first choice, but it's an option on the table. 

@Steve Rogers your attorney gave you some bad information.

@Tyler - I took Roy's advice and did NOT buy in Saint John as cheap isn't a deal always. ya its cheap, and as he told me lots of out of towners come in, and then don't do well.go look to a town that's bustling - saint john is a dump in the under 100K areas - I go there 3 times a year for work, and heeded to the advice, and bought Ontario instead (not saying NB is bad, just I have boots here in Ont)

My basic advice is to pick a strategy and ignore all the many other real estate investing possibilities for a while until you have worked your strategy of choice successfully for a while.If you want to do flips, do you really feel you have the will to do that?