I do not know of a BRRRR opportunity that doesn't have a life cycle that costs less than like 22k including all out of pocket expenses and that's if your purchase is around 75k - 90k.When I am setting up a market for my clients, first thing I do is call some agents in the market. 

I was just in the hospital with complications with my pregnancy, and am pretty overwhelmed with dealing with that.

Because if you pay rent to yourself as an expense of the LLC then you have rental income on you personally.

I saw in another post that he could open up a HELOC as a backup, or for unforeseen expenses just in case, but we’re really struggling with what to do here and don’t want this project to negatively impact our relationship in any way. 

Having a safety net for unforeseen expenses is crucial.Failure to Exercise Due Diligence: Investigate possible investment properties thoroughly, especially through title searches, property inspections, financial analyses, and rental market studies.

I can buy  5 more properties with 30% down and still have a decent bit left over for repairs and expenses.  

Here's an example:This month Property LLC#1 receives $2000 in rent and incurs $600 in direct expenses for a cash flow of $1400.  

It may be harder to set off the entire mortgage payment with house hacking, but any amount that you can lower your living expense is a win while simultaneously having your property appreciate.

For the record, I’m from south Florida but invested out of state because it’s so expensive in this part of the country.

We would like to keep the operating revenue and expenses separate from our personal stuff but want to file them along with our personal tax returns.