Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

@Orlando Johnson- If you were going with 6% real estate agent fees the $12,500 number is incorrect. 

You can also hold money for maintenance, capex, taxes, insurance, or other projected expenses.

Private Money Lenders (PML): More flexible, relationship-based funding with lower fees.

@Iris Olivas Most local banks/credit unions can do this deal with lower fees and potentially rates than brokers.

I'm assuming you are arriving at your cash flow number by applying Gross income - cap ex, maintenance, utilities, vacancy, tax, insurance, mgt, landscape/snow & Debt service?

I know broker fees are $500 so $12,500 in commission?

I'd rather pay for a platform whose revenue comes from subscription fees because at least they are developing features and functionality for the "right reasons.I've never heard of Digb (what kind of name is that?). 

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.