I'll break it out for you.Gross Salary: $80,000/yearGross Salary per month: $6,667/monthAfter Tax Salary per month (not including 401k investing (which you should be doing, but I get this is a real estate message board and this concept is not popular): $5,434Purchase Price: $600,000Interest Rate per Calculator: 6.941%Downpayment: 5% or $30,000Financed Amount: $570,000Mortgage: $3,769.67Property Tax: $600Insurance: $125Other Costs (per calculator): $333.33Total Monthly Payment: $4,828/monthAfter Tax Salary - Your New Homes Cost = $5,434 - $4,828 = $606CONGRATULATIONS, you are what is referred to as "house poor." 

I bought a house last year that was very poorly managed by a local and popular PM.

I wrote and article on how to find good deals as an LP that may help: https://www.biggerpockets.com/... 

Check out this article recently published on BiggerPockets that should help on this exact topic - all the options for BRRRR vs.

(see attached article) They are quietly buying properties behind the current the facility.

Once you've done that, you'll want to take your Articles of Organization from WY, your registration in FL, and your IRS SS-4 form, which is the letter you got when you got your EIN number when you first started.

For additional questions, checkout this article on Cost Segregation FAQs.

The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.

I work with plenty of out-of-state investors who are seeing great success here in Ohio.Read this article on the "core 4".

In that article I focussed on what to be mindful of BEFORE signing the contract.