You would have ongoing filing requirements with the State and would need to keep business records and documentation. 

For example, I spend considerable time contacting agents, property manager, lawyers, contractor, mortgage brokers, etc to building a team of ongoing contacts and selecting couple that best fit for my company and BRRRR strategy, I also read the book by David Greene title BRRRR.

@Aria Aref Adib I wanted to also mention that you're missing ongoing repairs, vacancy, capex, etc. in your cash flow numbers. 

Incredibly strong housing demand, a crippling 1.5 months of inventory, and ongoing affordability concerns produced year over year declines last month in new listings, active listings, and pending sales in the City of Austin.

Hi Ben, Welcome, my husband and I are part-time investors working on going full-time.  

To continue reading, listening and learning about real estate investment from various sources as an ongoing endeavour.

DISCLAIMER The response given is not intended to create, nor does it create an ongoing duty to respond to questions.

These can both be analyzed on the front end with projected number when looking at a deal and give insight as to how long you want to hold the investment then assessed on an ongoing basis to compare against your original analysis and current market conditions.Hope this helped!

Looking to find someone that would be an ongoing relationship.

The on-going costs for a registered agent and annual filing is insignificant, roughly $200/yr.Not a big deal at all.