Since then, we have been dedicating our time to learning as much as possible—reading extensively, analyzing potential deals, and listening to BiggerPockets podcasts.After careful consideration, we decided to sell our current home and rent instead, allowing us greater flexibility as we begin our real estate investment journey.

Is there something I'm not taking into consideration?

.- Does anyone see any flaws or can offer some improvements/considerations to the financing strategy of this plan? 

With that said, I've done some research on the market and found the following information helpful in my considerations for Phoenix that you might find helpful as well:  Demand for both buying and renting property remains high due to the city's strong economy and growing population. 

Hi Brad,It looks like you had lots of great answers already, but I wanted to chime in with my two cents.Using Traditional IRA funds for a down payment on a single-family home (SFH) investment property can be tricky because the IRS has specific rules regarding retirement accounts and real estate investments.

There are some legal considerations as well as practical considerations 1.  

I will take this advice into consideration.

It would be ideal to chat with investors operating in the Midwest, but I welcome anyone's perspective on BRRRing from a considerable distance (plane flight away).Thanks!

On a positive note we did build a new house to the specifications of a specific tenant. 

@Collin Hays@Jon Martini agree that tax considerations shouldn't, by themselves, drive business strategy.