Make sure you DO talk to an attorney about getting it structured properly and a CPA to make sure you know not only your income/expense on each deal but also your tax liability and tax minimization strategies to employ before the end of the year.  

The best way to minimize the no shows is to have constant communication and reminders with the prospects.

Your statement that "you constantly find good deals and you can use stock options to create cash flow"is basically the same pitch that every late night get rich quick guru uses to sell uneducated greedy rubes on some proprietary automated stock trading platform.  

As many of you know they provide the free 2 hour workshop, follow by the 3 day event and then the big pitch of the whole academy.

WOW - he was pitching deals right and left and expounding on how great every deal was.

She then develops a renovation strategy, which "builds to the market", to maximize investment dollars and minimize time.

Right by high school. rent $1050 (to get an idea of recommendations) i'd prefer to keep expenses minimal.

This will allow you to put minimal down, and instantly get multiple tenants, and will bring you the most wealth, the fastest route.This doesn't factor in your quality of life, as you may want a large house, pool,  great neighborhood for the kids, etc...    

The bonus is that it has an Airbnb license and setup in the basement.The real issue is that while I have excellent credit, I have minimal funds for a down payment (about 5%). 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.