Once you have a pipeline, you can refine your criteria and adjust based on what works best for your market and strategy.

You could look into forming a C Corp as an alternative way to own this property that could affect your tax returns differently, I am not a CPA or giving tax advise.

That would be my absolute minimum starting point - but that is based on my market. 

Based on your goals, I’d recommend looking into Memphis, Little Rock, and Oklahoma, as well as Houston, DFW, and San Antonio.Memphis, Little Rock, and Oklahoma offer affordable entry points, strong rental demand, and slow, steady appreciation.

@Peter Mckernan Copy.... it's a "% based payment" off scope of work. 

Quote from @Chris Brewer: View report*This link comes directly from our calculators, based on information input by the member who posted.Hey @Chris Brewer, welcome to the BP Forum!

Hi Todd, Dayton based here.

Which will put it more in line with what we were expecting (and what our financial projections are based off of).

The guest house has STR rental history but the other two units would need to be based on projections. 

But this is definitely a CPA question because the IRS rules are based on your AGI and phase out if your AGI is over $100k.