Of course you can also read NAR and your state and local association news. 

We have a great organization called the Greensboro Landlords Association.

The STR scares me a bit due to having to foot the bill every month if it does not perform and the upfront costs associated with making it stand out.

HI Ibrahim, since you're just getting into things, I recommend you join a local Real Estate Investors Association (REIA).

Let’s break down the pros and cons of each when compared side by side:CondoPros:Lower barrier to entry: typically requires a smaller down payment and results in lower monthly mortgage payments.Minimal overhead: utilities like water, trash, and landscaping are often included in HOA dues.No landlord responsibilities: you won’t need to manage tenants or deal with non-payment issues.Cons:HOA management can sometimes be unpredictable or problematic.Long-term rental income growth is generally weaker compared to a duplex, especially if your goal is to hold and rent the property over time.DuplexPros:Rental income from one unit helps offset your mortgage; rental rates are likely to increase over time, lowering your net monthly cost.Higher purchase price can translate into greater long-term appreciation.No HOA or associated fees.Cons:Higher upfront costs: larger down payment and closing expenses.Being a landlord involves active management — and it’s not always fun or easy.Which asset would I choose?

This would at least require additional building materials and may necessitate other soft costs associated with redesigning the building. 

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

With that being said, the condo association covers the building insurance, internet, water, trash, security, tv, amenities and many other expenses that you would typically carry on your own if you own a single family home. 

Thank you Jonathan I really appreciate your information and hope to work with you and all the associates.

They can help you assess any risks associated with early occupancy and possibly draft a lease that reflects the situation appropriately—though that still doesn’t eliminate the underlying legal issue of occupancy without a CO.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.