Without actually running numbers, you'll probably need to get closer to 600k to break even from a cash flow perspective (this all assumes 20% down).As others have said, you aren't considering saving for capital expenditures or vacancy and the maintenance is far below what I would budget.

@Brandon TerrazasWe have purchased over 10 properties with RTR over the past few years so I think we have a pretty good perspective on actual performance. 

i'm would appreciate the communities perspective and input on the following question below.Property Criteria; House hacking duplex or triplex Purchase price: 260k - 310kEquity or Cashflow deal ?

This would give me some perspective on whether I should have hope for a turnaround for my Atlanta REM deal

From my experience multifamily is easier to cash flow, and has less downside risk from a cash flow perspective.

I am not leveraged on this house so I can sell and start fresh but have no idea really the safe way to get started. 

Additionally, from the PMs perspective, why would you turn away an owner who is willing to improve their asset that you manage? 

I'd like to add another perspective I don't think has been mentioned yet.

I wrote a piece on wholesaling from end buyer's perspective you might find helpful.

From an income tax perspective, the LLC provides you with absolutely no benefit.Even from a "anonymity" perspective - if that is a Single Member LLC, the K-1 from those syndicates is still required by the IRS to be issued directly to the beneficial owner - you.If you don't make it a single member LLC, say your spouse is also a member, now you have a partnership tax filing - if it holds a number of LLC interests, it is now a partnership filing that is a pain to file to roll all of those activities in and report it on to your personal returns.In short...most likely it is best to keep it simple.