And if you select the Growth or Professional, you get a total of $100 in your wallet. 

Thanks for sharing this perspective—it’s super helpful, and I totally agree that the “perfect BRRRR” is incredibly rare these days.

We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

It's not like you only swaggered into it with a few thousand in total capital, right....... 

The equity split is totally different among each LLCs, but typically it's the easiest to split the responsibilities in 50/50.

We did major renovations and repairs on both units for about 40k total and were able to get rents up to $1250.

I want them to see the total picture and then keep whittling down to where they get close to say a 5% error rate. 

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

As of now, they owe me:Half of November’s rentAll of December’s rentAll of January’s rentThat’s about $5,500 total, which is a lot of money to lose.