So just knowing the basics and directing them in the the best tax position is helpful.

I think that helps a ton but only if you actually drive around areas with the folks you're vetting, check out some projects with them, etc.Ultimately you also should listen to your gut.

You can live in one unit, rent out the other, and get a feel for landlording without diving into a big, risky project. 

Following is the income for all the unitsRentsNew Rents Expenses Unit 1: 1800 sqft $ 975.00 $ 1600Insurance $ 6,000.00 Unit 2: 1100 sqft $ 900.00 $ 1100Taxes $ 2,728.00 Unit 3:  1100 sqft $ 925.00 $ 1050Sewer Charges $ 4,800.00 Unit 4(Apartment): 700 sqft $ 700.00 $ 850Vacancy $ 4,000.00 Total $ 3,600.00 $ 4,600.00 Repairs $ 2,000.00 Yearly Revenue $ 43,200.00 $ 55,200.00 Total $ 19,528.00 Mortgage Interest Only/m$1,460.00$1,460.00Mortgage Interest Only/y$17,520.00$17,520.00Current Income Projected Income Net Operating In $ 23,672.00 $ 35,672.00 Cap Rate4.30%6.49%Cash Flow With Int Only $ 6,152.00 $ 18,152.00 Cash invested $200,000.00$200,000.00COC3.08%9.08%What are your thoughts on this deal?

I am hanging on to it for a few more years until I get enough properties that I won't miss the ridiculous cash flow (basically I'll give up the cash for less of a headache). 

If you are looking to be more active, there are great opportunities out there for value add on multifamily whether that be raising rents or light rehab projects.

this project was complete rebrand re market with a 300k capital investment into common areas What was the outcome?

I am not saying that you can't learn some about the basics and make it work for you for a direct booking site, but there is a lot that goes into it these days.

Jonathan, I sent you a PM but basically we are just standing up a Facebook group as a sub group of my REIA club.

making many vacation rentals highly lucrative and with strong C.O.C. return projections of 10-25%. - Furniture & Decor  Roughly half of the STR's clients have acquired the past two years have been sold furnished.