And I do not want any trouble with the IRS. learned that a long time ago.Also thank you to everyone that has chimed in I am going to review the reference put in by @Eamonn McElroy.Happy new Year!!

If you are setting aside 10% for maintenance (and the property is newer/updated), it's likely a portion of that amount could be for capex and the cashflow might be a little less than projected (please take this with a grain of salt, as I'm just starting to look a bit at Tulsa and have no basis for repair costs, only historical costs in the market that I currently invest in).  

What areas are you looking in?

Made it my homepage so that every time I log in, I can browse forums/discussions and my goal is to start doing that daily!

At the time I just thought it would be a good idea because I had two roommates who wanted to move in.

He showed me the numbers and the area that he wants to flip houses in.

Again, what type of market are you in?

Also, if the area you're looking in is cracking down on STR's, it's not a bad idea to find a property that would at least break even in the event that short term rentals became illegal/unprofitable in the coming years. 

When purchasing an owner-occupied residence for my family & me to live in, I want to act as my own broker in order to collect the buyer’s agent commission.

I’m not sure on the laws yet in my state regarding eviction moratoriums and covid restrictions, however I know the work she is in is not shut down.