Also, you will have additional occupancy tax depending whether you are in the city limits or not.

We look at lenders (so long as they lend in the asset class you are considering) as an additional line of due diligence (they deeply care about their money and they are likely more sophisticated than you are).

So you have some great resources right off the bat, my additional Referrals would be too many :)

Regarding insurance adding additional umbrella insurance is great idea. 

Despite no additional renovations being necessary, our efficient strategy and swift turnaround led to a same-day sale at $225,000.

With hopes to build two additional cabins in the future.

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.

In addition, when you have leverage you have the other benefits which @Ali Boone mention.

I haven't heard of the ability to add additional $250k primaries, but I'll have to dig in to try to learn more about that!  

Would love any additional info and the chance to check it out!