. - Your return on equity with this house is terrible. 

This will also make your cash-on-cash return go down.

The WY LLC was named as managing member of the TX LLC .Also should I consider having only myself as the manager (and not add my spouse) - otherwise it becomes a partnership and I would have separate cost to file a partnership return? 

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

Now you're at 11% return.

Cleveland investors often aim for COC returns of 8–12%, so you’re in the right range.Net Cash Flow: $277/month is positive and provides a buffer for unexpected expenses.

If you could pay retail and make a good return, then literally anyone can do it.What you need to do is identify your area.

If she has money to collect easily, then consult your attorney on best course of Action and likeiness of getting paid on it.

Very few people are offering a GUARANTEED 7% return.