@Jay Hines it depends on how long you hold.

Flips can be good for quick cash, but if your main goal is passive income, holding rentals is usually the stronger play long-term.

I'm open to long and short term, but leaning towards long term.I found a duplex in the Cincinnati area, looks like a pretty good deal to me, mainly joined to talk to others and see if I'm missing something big or if I actually found a decent deal.Would be house hacking for the first year and then moving out and renting both units.  

However the burn rate is considerably high, really needs to be considered well when underwriting and keep a close eye on during the value add stage.  

Could be 20 yearsIt's happening right before our eyes, Patrick.

You can always check with local real estate investor meetups and you’ll get more reliable referrals than just Googling.Inspections here can be eye-opening, especially with older westside properties, so definitely hire someone thorough who knows the area’s common issues like older plumbing, foundations, and outdated electrical.

Seeking insight from anyone who has converted their home(s) into an LLC for short- or long-term rentals versus simply extending an umbrella insurance policy.

In the last few years I have replaced 4 furnaces.  

You want it clean and not an assault on the eyes. 

Are there any events that I should keep an eye out for?