@Rodney Reeves a separate account is fine, but it goes beyond that - you want to track those dollars.

A 40k house is fine if it’s in a good area.

Recently found out that a few small MF I'm thinking of purchasing have section 8 tenants on a year lease, which is fine, I just want to know what I'm getting into.

The inspector stated that she was filing a police report, demanding my records from the city (home address, birth date, and vehicle registration), placing a lien of my home, and fining me with a $2,000 fine.

Such a fine line between the certs and deeds :)  Thanks for the Vote btw!

I won’t go into detail as this is personal family stuff.. so fine!

All legalities look fine in Rapid City, something zoned for rental can be used however I want.It seems like a unique deal that will give me some fire insurance on my first foray into the STR world, while also giving me the added flexibility of using the STR.

If you started with a boiler plate lease it is probably already in there.You should be able to evict if they are not paying late fees or any fines as spelled out in your lease or after the 14 day notice to cure and they don't comply.

With no major expenses (I live in a duplex that covers its mortgage), I should get by fine on that.I figure it'll be around $600-700k net worth.  

Slow steady appreciation is fine, I am not looking for Austin numbers of course.