I am undeterred, however, and want to become much more involved in RE.

I was curious to start a discussion about the laws that have passed regarding Airbnb.  

Shoot me an email or PM me to discuss investing without your own capital.

If you're looking for your first property it may be a good time to discuss your plan for financing.

Then he said to go ahead and RE rent it to other tenants for a profit. 

Please let me know if you have any suggestions.L Shand, RE Investor,  Arizona

I am planning on talking with a CPA to discuss the details, but want to get a better understanding from the people that have done this before. 

I've written about this a lot, so I will just leave you a link to a thread where I discussed the zip code breakdown for B properties at length:https://www.biggerpockets.com/forums/311/topics/22...I will also second what others have said about needing to see the property.

I was discussing these questions with a friend of mine who is about to close on his first property and I thought I'd pass the questions along to the forums:1. 

BP has a wealth of knowledge for all of your RE endeavors.