Which if you do it in Wyoming the costs for the LLC are minimal.

Here's insights for 2024 Q1, projections available at your request - hopefully you're using these to value property purchased and it should help determine your list price to minimize DOM!

I can tell you what my minimal returns would be...and the method and form they take to get there.If I were to put $50k in, all cash, I would expect to get at least $60k in all cash back at the end of the first year...and continue to have that property generate a minimum of 10% ($5k) in cash every year after that.

-Financing: Leverage your VA loan to minimize your upfront costs.

Exception would be that I'll consider selling and using proceeds for BRRRR (and currently this is the best idea I have).Ideally I'm looking for minimal cost to me.

Regardless of how much you invest, your risk is spread among a broad base of loans, allowing you to track overall averages rather than luck, plus you eliminate (or, more accurately, minimize) cash drag.  

Although the cost was minimal, it was a lesson non the less.

Often times the cost is minimal compared to the amount of money at risk with a mortgage. 

I'm hoping to start my career in either metro Dallas-Fort Worth or Chicagoland, and my main priority to is to minimize my housing expense with roommates while building equity and learning how to be a competent landlord.

Spending time and money up front to give someone a great rental with minimal concerns is my goal.