Why do you think purchase contracts are so long and have such small print?

I would think most have.

I'd definitely invest in yourself with giving time to listen to the BP podcasts to help you decide which strategy and location you'd like to focus on - think in the car, doing chores, traveling, etc...any spare time you have where you can focus on two things at once!

I think there's great potential there for both midterm or long term rental strategies along with a strong potential for rapid appreciation. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

something for you to think about.

This could make your ADR less competitive, but if marketed correctly I'm betting that people might perceive more value, which keeps occupancy at least the same.I'm thinking of a model where you tell guests they have "add-ons included" like grocery delivery, prepared breakfast package, attraction tickets, inner tubes, etc.

The more I learn, the more I think they may not be the case, and I'm curious if I need to go back and amend any taxes from previous years to ensure I am following all regulations.The details:-two-unit home that was converted from a SFH by a previous owner.

For example, what part of pre-purchase activities qualifies and what part does not is controversial.Two of your points are critical to follow, regardless of the controversies:1.

Understand your risks and think through your worse-case scenarios before proceeding.