Also you need to get your fee out of it.I do not know the specifics but honestly that deal seems WAY too skinny for me.3) You still need to add the cost of doing RE transactions, lawyer fees, closing costs taxes, holding costs , lawn care, utilities, insurance , lending costs .. etc. etc.

I will mention it to my lawyer.

i'm looking into BRRRR strategy that in a certain way could speed up of portfolio growing. in case of No US citizen re-finance could be an issue or registered LLC in US with lawyer with power attorney could be sufficient to have money from bank? 

There’s no problem anticipating that rentals will provide for your family there’s 3 things to consider:1) legally set up operations so that your beneficiaries can simply continue them without any kind of weight of going through probate (other wise a little life insurance for probate season can be helpful- this should really be a conversation with your lawyer if you have questions about probate - thankfully @Pat L.’s doing the right thing with the trust).

I think your time would be better spent analyzing properties, reading books, and networking.Not a lawyer.

I was able to get a lawyer, realtor, property manager, and contractors all on the same team and all from New Jersey.

Networking is a very broad category....could mean anything from REI meetings to distributing business cards to addressing a luncheon of Probate lawyers (and many many more). 

.- save and categorize contacts (seller, buyer, agent, contract, escrow, lawyer...etc.)- save and categorize properties (lead, active, sold, wholesale, rehab...etc.)- track campaigns and leads (type of campaign: cold call, door knock, text msg, direct mail | how did the campaign perform or KPIs)- manage project (wholesale deal transaction coordination and/or rehab management)- special features    - integrated call system (like callrail for cold calling)    - integrated text system (send and receive text from within the app for a given lead)    - direct mail (send post card, pen letter, etc campaign from within the app)    - skiptracing (given the names and addresses from my lead list, get me the phone numbers for the leads)    - setup squeeze page templates within the app for lead generation (funnel clicks from ppc ads or facebook ads to squeeze page)So, you can go from just tracking contacts and leads on spreadsheets to spending a few hundred a month, plus $1200+ in setup. 

@Jeremiah Ashe - I nearly built my forms from scratch with my lawyer.  

I've only had one claim in over 32 years but the cost would have been about $20,000 if I had paid all lawyers fees for the year it took to fight the bogus claim.