Even if you eventually outsource it, how do you know it’s done properly?

You will have a balance of 45,000 over 20 years. 

I also get to be home for nights and weekends while sales agents are out showing houses.The key is putting the proper systems in place to reduce the amount of thought/effort to deal with a problem.

I would not rely solely on a Wholesaler for proper comps.  

I have already replaced her electric stove with a gas one basically because she didn’t like the way it cooked I put an oven thermometer inside it and it was calibrated perfectly but she said it wasn’t baking properly.

Many investors model IRR to properly benchmark investment opportunities and to calculate their true profit.You can buy the house for cash and then put a loan on it afterwards.

There are certain benefits of starting an LLC (legal protection of your assets, with a proper structure - some tax savings, etc.), but there are also costs and time required, so I would advice to start as a partnership, and form an LLC if you decide to keep doing it on a regular basis.

@Colleen Cimo I moved my property to PM company Home River (Brick Lane), but have yet to be directed on how to get balance out to my personal bank account.

It depends on what state you live in but you would probably just give the manager proper notice to pay rent or vacate.

Make sure there is proper ventilation in the basement!