Most places areas like this have been doing short-term rentals long before AirBNB even existed. 

Overall my goal is to make enough capital to start investing while also learning about more parts of the industry while doing so.

I recommend finding a strong brokerage with investor-friendly agents who are doing a high amount of volume.You can set up systems and procedures to make it easy for them to refer your company over. and keep their clients happy.

First thing I would do for Algona is check the hazardous waste list to be sure the lot has been affected.

I do try to get those 1-2% down, but what advice do you have for either avoiding EMD, or having end buyers, laying that EMD.

He also states that if you do this the right way, you will never have to use any of your own money, as once you get your first deal, you can just use the money from that deal and then reinvest that money into your next deal, etc.  

How do I solve this.

My area of specialty has been in condos, and my wife and I do all our own property management.

Do you have concerns that you are not detailing? 

How do you find the neighborhood rating?