With that being said, the interest rate is going to be the single biggest determining factor for whether you're barely breaking even, or seeing a decent monthly cash flow.

The first one will likely determine how quickly that second purchase can be made. 

I get a lot of questions about housing vouchers and how you determine rent amount allowed.

Now my goal is to Build Long-Term wealth here with my wife but I'm very interested and determined within the BRRRR Strategie.

The type of home you buy determines the tenant you get. 

these investors were all chasing easy OOS cash flow:https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/52/topics/1010977-12-00...if you're serious on investing in an OOS market i'd pick one, get to know it, go to it in person, and build a team, and then determine what would you need to do to get a good return in that market. 

Nothing says that the compensation cannot be determined after the fact.

That’s half the cost of Prime’s reduced rate.2nd, like everyone is saying, the cost of setting up and LLC is less than $100… closer to $50… if you just do it yourself through the state (not complicated).3rd, if you want someone to help you draft your operating agreement, hire a local real estate attorney and it will be significantly cheaper than $1660… probably cheaper than $550.4th, if you want someone to do your taxes and help you get your max deductions - talk to a CPA who specializes in real estate and they can review your operating agreement to see if you’re setting yourself up properly, and they can do your regular taxes… and be cheaper than Prime. 5th, a separate CPA can work with you regularly to review your investments and strategies to determine good tax strategies as you look to execute any deals. 6th - don’t lock yourself into a crazy subscription model before you start making money!!!

Additionally, if you’re not local, requesting photos or videos of the problem can provide clarity before approving expensive repairs.For the lead paint testing, it’s important to determine whether this is a compliance requirement or a proactive measure.

If you decide to spend $8,400/year on this, how will you determine if you are getting a good ROI?