Any tips or important factors to be aware of?

Don’t focus too much on equity and future valve( are still important).

I believe in taking matters into my own hands by strolling around the property alone to have a firsthand look at the exteriors and analyze the general condition.During these inspections, I pay close attention to important details like drainage, brick or siding condition, sidewalks, and even resident profiles.

Also the $1500 isn't really that helpful because  it is "projected" and includes no expenses.

Nevertheless, I am also open to discussing other lucrative investment opportunities, including luxury homes and strategies like BRRR. 

However, it's important to exercise patience when pursuing the BRRRR method, especially given the current market conditions.

Yes, it can get eaten up but only year-end you will truly know if those will get eaten up.It is important to make sure your books are accurate so when it's time for tax filing, you won't be surprised if you owe or not.

It's always good to have reserves and the problems that can arise can be quite costly, so it's important to have an emergency fund, but part of what you'll want to think about is your risk tolerance and back up plans.

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If she instead pulled back on her hours on that W-2 job, she’d be able to reach REPS status without foregoing all of her wage income.State filings are important too.