I’ve had dark dreams about losing it all, and having to crawl before a new boss. 

The process is the same, but you will probably lose some deals that can't be financed due to condition of the home or motivated sellers may only want a cash offer. 

The philosophy that has served me well when investing is this: Never risk more than you can afford to lose without losing sleep. 

Losing tens, and sometimes 6 figures, worth of value can hurt generational wealth.I always like to ask questions before getting emotional just to ensure there wasn't something I missed on my end.

The lowest property taxes combined with a location that isn't going to lose its appeal anytime soon Seattle, Austin, and stew other cities are also attractive, mostly due to booming prices due to tech that probably won't slow anytime soon.As for the property itself, I'm leaning heavily toward a townhome/ rowhome-style fourplex.

So you may find that 10 years from now 10% for CapEx and maintenance is accurate, but for the next 3-5 years you may end up losing all of your profit to CapEx/maintenance issues. 

They are already new homeowners, so they likely could care less about a silly collection.

When you wait for the perfect deal, you lose time.

The good news is that you don't lose that loss.

Worst case you they see turds and call Airbnb and get you in trouble then tou get it treated by a pro and send Airbnb the Recipet (which you probably already had) and you lose the booking but won’t get a cancel on your record.