Location plays a big factor into this question. 

However, from the stories I've heard it so far, sounds like it can lead me to the life I want for my future if I play my cards right.

Particularly power related tools since those are usually discounted for Black Friday. 

Tenants will play games:1) Leave a minor home alone - no one should enter!

Your number two is a bit different than what to expect on a short-term rental play.

They are just playing with fire, really, but it happens everywhere.

A lot of new constructions are more of equity plays than cash flow plays.

Quote from @Jaclyn Spinelli: Quote from @Aristotle Kumpis: Are you looking for more of a cash flow play vs appreciation? 

From there, you could do a cost segregation study on that property which will lower taxes for that year and potentially create additional carryover losses.Always options to keep reinvesting assuming the equity is there to keep playing the real estate market 

Some carriers offer loss assessment insurance, which can come into play when the HOA experiences a large covered insurance loss, such as a hail storm requiring roof replacement or a fire requiring building replacement.