We haven't researched it much yet but I've thought about a short term rental (like air bnb) on either Lake Holcombe or Lake Wissota and those are right in your area.

So, the long and the short of it is that yes, bad stuff can happen to you as a LL; but this is what I have chosen to do.

That's the short story. 

.#2 The term / baloon is way WAY too short. 

Scottsdale would be the goal and I’ve been a bit concerned about the up and coming short term rental laws that have been popping up in some states.

So long story short I was able to get the property price to $57,500 and ARV was $75,000 with a potential market price at $128,000 with the highest at $150,000.

Excited to learn a lot and appreciate this site for the information I have already learned in a short period.

@Nicole CurtisI have had my mac book air for about 5 years strong.... its been nothing short of awesome! 

So long story short I was able to get the property price to $57,500 and ARV was $75,000 with a potential market price at $128,000 with the highest at $150,000.

Some short answers to your questions:1) Convince to listen to some podcasts2) Really up to you and what you find available that works3) You will still need to be involved since it's your property4) I'd stay fresh of what's going on in your market, run the numbers on your criteria and practice finding "a deal"Lastly, some resources I've enjoyed:PodcastsEpisode 108 - Grant Cardone...