If your numbers are correct, you may have a BIG $ winner here; there’s enough room to spend extra to ensure a problem free transaction, imo.  

This means homes are still holding strong value, and buyers are willing to invest in the right property.Although cash sales dipped slightly, with 41.0% of transactions paid in cash (a 4.2% drop), more buyers are opting for financing.

For the purchasing process itself, real estate agents, mortgage brokers, and attorneys can help guide you efficiently through transactions, reducing the amount of time you need to spend.Starting with simpler investments like single-family homes or small multifamily units can also help.

A local resource particularly for CRE (commercial real estate) can make the difference in the transaction equating to a quality investment. - Expertise in local laws and rules: Investing in real estate is hyper localized not only for value and potential but in rules and regulations.

All signs point to 2024 ending close to 2023 levels in terms of transaction volume. 

I understand these numbers can vary depending on financing, market conditions, and other factors, so I’d appreciate any insights based on different scenarios:All-Cash Deal: If this were an all-cash transaction, what multiples or IRR would you consider acceptable or ideal?

If you're bankable shop around and you will be competitive on rate and terms with banks without going through this arduous process of forming these unnecessary structures, transferring title and incurring additional transactional fees etc.

If you use credit cards, I recommend having a designated credit card that you solely use for the rental property as well.This will keep your transactions for the property very organized and easy to find for tax season assuming you don't already have bookkeeping set up.

@Dina Schmid Inheriting a property is the best way to get property form parents, but looks like this is small transaction because of the property value so inheriting is not absolutely necessary.

Luke,On the surface it looks like you are over reaching to get a small return from (2) transactions.