Also, check state-specific tax laws, as some states impose additional transfer taxes.This post does not create a CPA-Client relationship.

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

-Creates a solid foundation for passive income, allowing you to reinvest future cash flow into other opportunities without as much financial risk.Cons:-Ties up a large amount of capital that could potentially be used to generate higher returns elsewhere (like another STR or other investments).

I would like to know if I could create cashflow from a studio apartment across from the beach.

Create an account on furnishedfinder.com, the hosts are on there and they are happy to chat.

I want to create something that adds value to the industry, so I'm looking to build a solid foundation in this field.

If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

However, I got caught up during creating my listing because it looked like I needed to have another account (Stripe?

I have found my market and have created my team thus far. 

Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.