Listening to the podcasts and webinars and reading through the blogs and forum have opened my eyes to the different opportunities available.Through BP I hope to find others in the area that I can learn from and connect with since I would be starting off this endeavor only part-time (I average 55-60 hrs at my FT job).

If it is qualified then like stated above you have options but they are extremely difficult for the average person to put into place

Average lot size is with houses on it is  .30 acres.  

I checked out Tokeet but I dislike AirBNB even more for two reasons: time of payment and cancellation period so I would like another free or inexpensive software system similar to Tokeet but can not only accept multiple channels but will allow downloads from VRBO.Is there another VRBO out there and even if so what software can others suggest given the situations described.Thanks and I look forward to hearing from  you.

SOMA Condo, Global City, Philippines Vacation rental (via Airbnb), 2014 average per month 600/month, 150K value, no mortgageLiabilities:1.

If we rented it out, we think our total costs (management company, monthly payments, 3%/yr repair estimate, etc.) would average $2k in worst case scenarios and $1750 in good cases.We're thinking about renting it out for a year while we move into an apartment.

It is unlikely a newbie now buying a far flung turnkey for example will come out better off than a simple index fund average.

Good luck on your test, it's not that bad, I recommend doing the practice test over and over until you average around 85-90% before taking the state exam.

I used a combination of websites to get an average ARV of a property. 1 of my favorite is http://findcompsnow.com/It was recommended by a seasoned investor in a REA meeting. 

The average 2b/2b in the same building are ranging from $260,000 and up to $400.000.