If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Operating Convenience Administration: Managing the LLC might be easier if it’s formed in the state where you reside, especially if you plan to handle administrative tasks yourself.

I try to target $500 per hour and $10,000 per month.

Then there is fraud and you have a lawsuit target(s). 

You could plan to be able cover debt servicing for 6-12 months, maybe park the capital in safer and easier to exit investments like bonds.

Congrats for getting started at age 21 and I really wish you a lot of success, but I have bought my first rental property in Milwaukee 15 years ago and frankly, the market was much easier back then, I did not have the expense of a PM and cash flow was solid at about $200, but not amazing.

Just like everything in the Biden administration is targeted to destroy the middle class and small businesses

Consider direct mail campaigns targeting homeowners who might be ready to sell and spend time driving around looking for distressed properties.

If so, try starting with the median list price in your target market. 

My first recommendation is to look for a real estate agent to help you understand the market.You can also do your own research by finding where other investors are buying properties by Zip code in your target area.Best way to find properties outside the MLS is to get in contact with wholesalers in the your market and reach out to sellers directly by targeting the subdivisions you want a house.Also, you have to consider how much rehab you are willing to do or if your just want a property that I moving in ready