Find a lender who has competitive rates, great response time minimal junk fees and who you can establish a good working relationship with.

One thing I can think of with buying is you can buy in an established neighborhood that already has rental demand. 

I have had several interesting conversations with other investors on the importance or lack thereof finding a good lawyer when establishing an LLC. 

The new regulations as well as extremely high prices are going to make it extremely difficult to be successful especially as a newbie.

There are dozens of tropical paradises that are just as nice or nicer, without the crowds, without the government regulation, without the threat of disasters, and with property for 1/4 - 1/2 the price.

NOTE: if you have rentals in California, be sure to buy the California edition because it is the most regulated state and requires a separate book.

I have a lead on a lot in a well established residential neighborhood.

I've found dozens of great deals in the areas I already know (I love doing a regression analysis after a final sales price has been established merged with a prospective analysis on a project) - but before I pull the trigger on doing one myself, I know I have a bit to learn first.

However, in buildings that are already over that cap, the additional units can remain in operation.No short-term rentals will be allowed in most of the French Quarter or in the Garden District.Platforms such as Airbnb and HomeAway will be required to remove illegal listings.Short-term rentals that violate the rules, including regulations about disturbing neighbors, can have their licenses revoked.An 8.45 percent tax and a $1 per-night fee are already assessed on short-term rentals.

I have bought and sold quite a few properties and have worked with real estate agents, owners as well as with different banks to establish lines of credit.