You have a payment once you borrow against it, but not before. 

After buying this house, I partnered with others to invest in a duplex in the Wichita area.At the moment, I’m living in Tennessee, and I’m weighing two options: either selling my house and using the proceeds to buy a duplex in Overland Park or Wichita with my partners, or keeping the house for another 3 years, transferring it to our LLC, and renting out the entire property to maximize its rental potential ( $1400-$1600 ) I currently owe $200k on the property with a 6.5% interest rate, and my monthly payment is between ($1,700-$1800).

This has to cover your debt payments also.3.  

I continued paying what I had paid before, with the additional money purely going to principal.The recast to a lower amount was purely to reduce my committed monthly payment to a point that I could get my property to cash flow if I had to move out (job loss, etc).

For near term investors, be prepared for sizable down payments to reach a cash flow neutral stance no matter how far out you look in the suburbs.

Unless you have a specific monthly target for your payment you can spread that out to make it a Win/Win.There has been a lot of growth in Denver over the last 2-3 years and new builds as well I just closed on a home for a customer in commerce city they also moved from CA and needed a fresh start. 

They already have a track record (good or bad) with you, so you can decide based on payment history, inspections, etc.

I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?

There has been quite a bit of complaints in the past year of IHA mishandling payments or not paying at all and little to no communication.

I recommend being anonymous.In some cases if you have a PM, let them advertise it as their own.If you have an llc then the lease and payments go to that.While I do introduce myself to tenants, I don't advertise I'm the owner publicly.