Hi Kris, welcome to the Indiana market 🎉Your plan sounds very realistic, especially with the flexibility to pay cash.

Negative cash flow with high HOA fees is a red flag.

Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.  

It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!

Affordable deals do not typically produce cash flow.  

Cash flows are generally paid out monthly to investors and right now I am seeing distributions around 3-5%.

@Kyle Trotman If you purchased with a hard money loan conventional lenders will require extensive seasoning to utilize the new appraised value for cash out. 

I am making completely passive cash, while also seeing the value of my portfolio increase with no headaches or management responsibilities that usually come from SFR ownership.

Taxes and insurance are high in West Texas but I have run the numbers at a few different price points and thankfully, it will still cash flow for an investor with 25% down.

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.