I’m no longer house hacking, and all three units are rented out, generating a total of $8,200/month in rental income.

Lenders will want to know if the property is generating income and if it qualifies for a DSCR loan or traditional financing.

(i.e. initial decorating and painting, bookings, rate structures, marketing, bookkeeping housekeeping, etc)? 

While the initial years might not be financially lucrative, the knowledge and skills you acquire will be invaluable.

Would love some feedback before I make the initial buy in. 

When you leave, a duplex will typically generate more cash flow as a long term rental than a single family home.

"Which initially I was expecting to pay for nothing.

Thanks all looking forward to growing some generational wealth. 

Windsor, Ontario has partnered with us on many new initiatives aimed at making Detroit an international destination. 

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.