The thing I find most disturbing in all of this is the people who pay $40,000 to a guru teaching one “technique” for real property “riches” when they could have spent much less on an entire program at a well known educational institution and been provided a world class education of all aspects of real estate investment, finance, and development, which would have provided a basis for a successful career in many aspects of our industry.  

Annelise,We have a property management company that handles all aspects of our vacation rentals.

Knowing you market is critical and to gain the best returns, you can't just let a property run on auto-pilot.

I am tying to restart my rental property business after a terrible failure due to critical miscalculations and a flawed business plan and property analysis.

This may be hard for you to understand, but the future, when it comes to the economic state of the US, is unpredictable in SOME aspects.

I mean jumping to something completely not related, not a different aspect of the same area.

I want to inspire others to become real estate entrepreneurs just like others have inspired me to become one.Does anyone else want to chime in with their input on this topic (preferably some positive input or at least some constructive criticism?)

I am always open to learn and grow, as well as receive constructive criticism so I can be my very best!

Maybe you are imagining the terrible things that could happen that you would be liable for, but look at it this way; your guests are exposed to far more risk driving to and from you place and insurance adequately covers the financial aspect of that risk.

You need to see this project through but first it is critical to get hold of the numbers. assess where you are and get hard numbers in writing so you know how much you need to get the property rent ready.