I'm open to most methods of investing but plan long term to pick up buy and hold properties (if the market is friendly for it).

I would like to start this discussion thread so others who are new can get our community's thoughts and opinions so it at least gives the newbies a real sense of risks that are involved with being successful in this industry.

Cash buyer's list has grown beyond my primitive "cut-and-paste" methods. 

Really excited to get more involved and I appreciate all of the nice welcomes!

I am sure you can find similar properties up there to gauge rental prices and interest but if you plan to use it on popular weekends you may fall short of your expectations.If this may involve many family members I think the first step would be to make sure everyone is on the same page with whether you are going to rent it, when you will be trying to rent it, and how long you plan to hold the property.Many of these seem to be setup in a family trust or Family LLP with an operating agreement which I am sure you can handle. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I have a problem with the way some colleges prepare students for "life," and am looking to get involved with Real Estate investing.

There is plenty of lenders out there now but most of them want to be involved in a good deal.  

You also want to be aware of any self-employment taxes that could be looming.You'll also want to get a CPA involved or a tax attorney from a tax standpoint... what sorts of estimated taxes do you need to pay, what kinds of cash flows can you expect..