Your argument would suggest that if I bring home $2k/month in cash flow from a rental property in LA (where I live), that's a good deal, even though I probably had to put $2M cash into it initially.

Initial cash flows were not great but between adding value and appreciation my wife and I have been built a great retirement income and equity.Everything I have heard about Texas over the years, tells me you live in a gold field.Real estate investing though is not right for everyone.  

In Minneapolis the tenant has to take the initiative to make an eviction disappear, and it's not always easy.  

Quote from @Marc Shin: Hello,For the financing of a BRRRR, are there lenders that are willing to include the costs of Airbnb set up (i.e. furnishings) in the initial hard money loan for a BRRR? 

I initiated the eviction process when the tenant was two months behind on payments.

Great initial screening material.  

If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment. 

In short, having all the conversations and commitments in strategy, setting up LLC and all the fun docs of who's doing what, and I'd suggest even getting initial funding into account for at least EM. 

If your initial filing deadline was January 1, 2025, it is now January 13, 2025.

The lender will charge a ridiculous amount up front to close, but that comes out of the LOC, so you still end up only putting in the initial deposit.