Liability and responsibility while somewhat related are two different concepts.  

The only difficulty is it takes you longer to do in W2 job for first rental (provided you have a mortgage on primary) while doing it when you already have one rental with positive cashflow and just keep investing that profits in high yield brokerage account Dave Ramsey's concepts regarding REI will cause you to go broke. 

Do you have no concept of diversification?

Most of the world does not have 30 year fixed rate mortgages (ha, another socialist concept!) 

What many fail to recognize is that this isn’t true investing—it’s running a business, with all the operational headaches, turnover, and liability that come with it.How I am applying this advice to my own pipeline: Amending zoning to an assemblage which already has approvals for 19 apartments (10 converted and 9 new construction) and two small storefronts, into a concept that has an expanded restaurant/ground level beer garden use.

Tom uses his electronic white board to explain the concepts right on your screen.

Hello bigger pockets family my name is James and I'm fairly new to real estate investing, I've been educating myself myself with the lingo, concepts, and often used terminology in this field.

The STR tax strategy is most beneficial for high-income earners (think: $300K+ annual household income). 

I’ve got some big goals for my future, and real estate seems like the best path toward financial freedom.My family and I, a household of six, have been living in an income-based rental home for almost 10 years.

I’m curious if I’m missing anything to my list so far I have (per zip code) also I currently invest in the Lansing area.Projects in the next 10 years (expected start and end date) Average household income Crime score Average home price Population growth past 10 yearsWho are the major employers And vacancy rate Job growth Tenet demographics& government and taxesAs Drew said, this is overkill...and you're missing a few things as well.