I am assuming that this means I can deduct interest paid to original lender and report the interest I received from buyer as income like Ashish mentioned? 

Great rental income, strong FICO, low LTV (60% or below), strong liquidity and PFS.

Due to the university there I worked with a lot of incoming families and getting what they needed for their dorms.  

If you need current income, I'd recommend another fix/flip.

It’s a great way to maximize rental income while offering a unique solution to tenants.- Value-Add Investments: Beyond cosmetic upgrades, think about adding amenities like solar panels, EV charging stations, or smart home tech.

Excluding the periods of “tulip bulb” irrational exuberance, a property must produce enough of a risk adjusted return to satisfy both the ROI demands of the “limited partners”, and the income/time requirements of the sponsor.  

My home in Boise will be on the market in coming days and I'll have nice capital gains thankfully, and my home is not in an LLC. 

This is how I see it:Single-Family Homes:Pros:Larger pool of potential tenants (families).Simpler management (one tenant, one lease).Often easier to finance.May appreciate faster in some markets.Cons:Only one income stream.Vacancy hits harder financially.Duplexes:Pros:Two potential income streams.Live in one unit and rent the other (house hacking!)

Hello Satish- the greater Banner Elk area does have a lot going for it and the right property should provide you excellent income and a potential nice getaway spot. 

The US taxes global income which dramatically increases the reporting requirements.