Hello Erin,    Congratulations on your big step into Real Estate Investing!

My goal is to pursue the BRRRR model as I want to generate sufficient income from multi-unit homes to allow me to expand my investing business into a full-time affair replacing my current 9 to 5.

We are looking to start an LLC. should we pursue the LLC startup 1st or 2nd??

Congrats on taking the first step.

I'm looking for guidance to the steps to take BEFORE I buy to ensure that I would be able to do those additions.

I'm looking to get more into real estate investing and pursue building my investment portfolio.

If her lowest if 142K, then I'd pursue with LC or Mortgage Note with No Realtor, etc.

I have done one wholesale deal and I'm ready to pursue this full-time. 

Monthly Income: 1100Expenses:•-Repairs/ Maintenance – 50•-Real Estate Taxes – 112.50 (1.2%)•-Insurance – 30•-Vacancy Costs – 83•-Capital Expenditures – 100•-Total Monthly Expenses: 375.83 Downpayment: 18000Loan Amount: 72000 (with 20,000 rehab money)•-30 Years @ 5% interest Closing Costs: 4000Total Initial Investment: 22000Monthly Mortgage: 386.51Cap Rate: 9.54%Monthly Cash Flow: 329.32ROI: 17.96%After evaluating this, if this property was in a better neighborhood with less crime, would I be naive to pursue this property?

Sometimes when your in the situation its hard to take a step back and analyze adequately.