The big key is that you never touch or otherwise get direct control of the cash.

We do a lot in the north suburbs if you are ever looking for turn key rentals outside the city, give me a call!

The key phrase in this sentence is "buy a place that allows for these types of daily rentals."

(But if you can Offer 8%/m, that's another story altogether)!...

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

The key is to talk to them and see that they fit your style.

The key to getting a deal done in this space is to close fast.

I personally took the 6 week course and it took me about 7 weeks altogether to become a REALTOR/sign up with a broker. 

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

The key is to assess the local market, identiy what strategies work in that geography in that part of the market cycle, and either 1)adjust your strategy accordingly or 2)move to another market where your ideal strategy works.