I have been trying to gather as much information as possible and make sure that I don't make any costly mistakes right off the bat.

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

Not a high cost of debt/capital at all, so we are not concerned about the balloon payment.Regarding long term goals, we plan on building slow and steady over the next 10 years, but then have them all paid off within about 20 years for retirement income from the rentals.

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

I have qualified dividend income from several of these and the legislation I've seen effectively say that 'income from a K1 is viewed as qualified income'. 

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

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. 

I realize the cost may fluctuate as time goes by. 

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.

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