But if you're in this for the long haul, that's my guess at the rent you need to produce $1250 in cash flow.OTOH, you later mention $200K properties that rent for $1600.

The one lady eventually gave up teaching and became a top producer and then went on to own her own company.

I haven't run the numbers but my hunch is that making $30k a rehab will produce such a high short term ROI that it makes sense in the "early years" of an investor's career.

With rentals, as with most investments, returns are produced by investment.

A C-corp would make sense if you had a big business producing lots of income.

Those larger homes really wouldn't be good comps for what you've described; and you still have to get repair estimates before you can even produce an offer that has a chance of giving you success.When you said "add on" - what exactly did you have in mind for an addition?

The argument for Apartments is that they produce more cashlow.

Claims that depreciation producing passive losses you can use to offset ordinary income are often way over-hyped.

That being said, I know of some new buyers at sale who have struggled with borrowers claiming they are tenants and producing fraudulent long term leases.

My benchmarks are 20% COC--have never heard of SFHs around the Midwest producing 40%+ COC.