I personally use 40% but I'm also in a higher rent area.

I have personally used the BRRRR strategy over 40 tiems my self in Memphis.

I only spoke with one person so far and they scheduled for more information gathering/ rental investment calls from them this upcoming week.

Id have a lawyer on hand, this person seems like they will escalate issues once you notify them you aren't renewing their lease.  

This deal proved to be the perfect balance of financial gain and personal enjoyment.

.✅ More Control – You’ll personally handle tenant screening, rent collection, and property upkeep, ensuring everything is done to your standards.✅ Stronger Tenant Relationships – Being involved directly allows you to build rapport with your tenants, which can lead to better communication and longer leases.Cons of Self-Managing❌ Time-Consuming – Dealing with maintenance requests, late-night emergencies, and tenant disputes can quickly become a second job.❌ Legal Risks – Chicago has strict landlord-tenant laws.

I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset. 

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

Code § 1343 - Fraud by wire, or commits unjust enrichment, or violates 18 USC Ch. 47: Fraud And False Statements, or perpetrates a foreclosure rescue scheme, or takes advantage of "protected person" or violates the Dodd-Frank law and/or the S.A.F.E.

I financed the acquisition of the land with personal and private money.