Have you thought about trying to do a sub-to or any sort of partnership to do a BRRRR.  

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

@Stacy A Stewart Welcome to BP.

In the US, LLCs are often treated as pass-through entities for tax purposes, allowing profits and losses to flow directly to the owners and avoiding corporate-level taxation.

If you need help with a loan or anything else, feel free to DM or email me!

Yes it's hard to price this out without knowing the property details and what grade materials you’re using etc. 

Would love to chat. 

That's a $40,000 loss per year after buying it for $800,000 below asking price and before accounting for maintenance, vacancies, capex, etc.Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...

Key is to not grow to fast and have $ set aside as it's never as fast or profitable as you think when getting started where in Texas are you looking to be a GC?

Easy enough to find her.