We're also getting some pretty sweet deals on new construction with closing cost incentives.

Hello, I currently operate a rooming house, and the insurance cost is going up every year, and it is getting ridiculous.

Hey @Blanca Munoz - you can check out Events and Meetups forum via this link - https://www.biggerpockets.com/forums/521

I am about to close on my first STR in Panama City Beach, and would like to try and get people in there for the winter months to help cover the costs and lessen the maintenance burden. 

We have had Bad deals, that we still made a lot of money on, because of our financial analysis and looking at potential cost over runs, occupancy slippage, locked in interest rate, and market rate slippage.

The cost of entry is low while the cash flow is high

But, it also means more work in managing, tricky loan processes, higher start-up costs, and the risk of market changes.Lubbock, with its high need for rentals and low-cost living, is a top spot for duplex buyers.

Here are a few links Little Cottonwood Project: https://gondolaworks.com/Mayflower/Deer Valley: https://extellmountainvillage.com/ 

Now, consider some solutions: submetering is an option, allowing for individual usage tracking, but be cautious about upfront installation costs and regulations.

Operating costs are known and everything is new, so reserve levels are usually tiny as there is a long time to build them up before they need to be tapped.