What are some effective methods in which you can invest?

Knowing this, I naturally have looked into wholesaling - Now hear me out!

Or do I have to improve the property to up its value like the BRRRR method?

I know there are formulas out there and methods that different folks use.Regardless of what I do the deal needs to be the right one.

The BRRRR method gets you the most bang for your buck because it's an asset that continues to pay you.

Monthly rent will be deposited directly to the business account.Since this is absolutely new to me (the LLC setup), I'm not even sure I've provided enough details for folks to provide feedback or advice...Essentially this was a bookkeeping method and not a legal one.

While I know these numbers are not 100% accurate, I want to be consistent in the tracking method and use something that is simple (so I will actually do it every quarter).  

That means you will probably either pay a lot more and/or will lose a lot more deals before finally getting one.This is not meant to be discouraging, but newbies often quit when they find out how hard it is to get started, and the method you're using (FHA loan) will likely mean you have to have more patience than the average investor who already owns a personal residence and is looking to expand into rentals. 

Then you can send mailers (the most expensive method) or you can skip trace the list and cold call them (my favorite method). 2nd option would be to join local REIA meetings in your area, look on meetup.com it's a good way to network and build your buyer list. 

Maybe add the payment method on the website itself.