One big advantage of this strategy is you can use conventional financing with a lower amount down as it will be your primary residence which also has a lower interest rate than an income property loan.On your question about buying section 8 rentals, I think this is also a good strategy to add to your portfolio and you can buy section 8 duplexes in Lansing, MI for around 100K and its a great rental and investment market.To your success!

I am a newbie at this particular strategy, so any tips, hacks, insight, or advice you can give would be greatly appreciated! 

What is your strategy when doing owner financing?

That way any water heater, furnace/boiler, etc are covered by that insurance policy. 

Look for areas with high tourist demand and strong rental yields, and consider attending real estate seminars to gain insights into the latest trends and strategies.  

Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy.

Your insurance premium goes up…unpredictable cash flow.

My worry is insuring them and also dealing the clientele.  

Then does the insurance cover a mid-term rental?  

If you buy a turnkey property you have very little chance to force appreciation  so you have to wait and pray for values to increase (not good).When you run your numbers in AC remember to leave wiggle room for flood insurance most of AC needs it and increase your turn over budget for when tenants move out.