I think my interest is in being my own boss immediately but I’m concerned about not generating enough capital soon enough to really get this going. 

So a typical (around here) 1 year lease's fees would generate {.5X + 11(.1x) = 1.6X}  Divide that by 12 and you get an average of 13.33% of X per month as the LTR property management fee.An typical STR fee would be 25%, but there should be more vacancy.

The time spent trying to generate attention to your site would probably be worth just spending the money to air bnb to avoid the headache but that's just my two cents.

I’m considering purchasing a rental property or two in the Dallas area to use as a STR revenue generator and get my feet wet for some passive income before I retire.

They will try new flooring, base boards, killz primer with repaint, and an ozone generator.

Additionally, I don't believe Form 4797 should be generated for this transaction.Please confirm that, for reporting a 1031 exchange from one residential rental to two residential rentals, I need to prepare a separate statement and only complete lines 19 through 25 on Form 8824.

If you have the seller willing to finance at a low interest rate, you may find it easier to attract an equity partner since the property is already structured to generate solid cash flow.

For a core deal, I would assume it would be lower, but again, I don't know what they are doing to drive those returns.Relying on markedly lower loan rates is no guaranteeRelying on more core buyers is only likely to happen when pricing (as measured by cap rate) is higher than prevailing interest rates.Unknowns:What is business plan to generate those returns? 

With DSCR loans, you can continue scaling your portfolio as long as the properties generate enough income to cover the loan payments, which supports long-term growth.3.

Contribution - some want to provide good housing options.Most will have a combination of all these factors.QUESTIONS.What type of cash flow are you looking to generate?