What are you accounting for when you say out of state investing requires more capital? 

Not accounting for repairs etc.

@Pedro TorresBRRRing OOS - it can be very dangerous:(Too many newbies take contractors and agents at their word, when "trust, but verify" is extremely important.You should try to plan 2 trips for a BRRRR:1) Initial walk-thru with contractor(s), which you should video for documentation & accountability.2) Final walk-thru BEFORE paying out final amounts to contractor(s).

While you may not qualify, it's crucial to know what exists so you can have informed discussion with your accountant.

Our LLC and business bank account are already set up, which gives us more flexibility when approaching lenders.Right now, my biggest challenge is making sure we have the right systems in place to scale efficiently.

Does the cost per sqft account for electric and plumbing? 

A good real estate accountant can save them thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend that they find a tax accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.I would also recommend that they look for a accountant willing to work with them throughout the year, who can help them strategize and who is responsive when they want to know the consequences of the financial decisions they are making throughout the year.Good luck.

Feel free to reach out with any accounting questions.

I am leaning towards that you should house hack if you're monthly payment and accounting for capex/opex/reserves make sense.

If that is the case, my ROI calculations should account for 25k of liens and I should place my bid accordingly?