However, building up to a $7,000 monthly income would likely require a significant portfolio of notes, more than the initial capital might allow for starting.Rentals: With $20,000-$70,000, you could potentially use leverage to acquire one or two properties in markets where this capital suffices for down payments.

Say you find two potential investments: a mom-and-pop coffee shop or Starbucks that both generate $100k in Net Operating Income per year.

The method you mentioned (BRRRR) is operating on the calculated risk that the property's value will appreciate enough (after renovations) that you can pull out a comfortable amount of cash and use towards your next purchase... all while the potential rental income from the newly updated property going towards paying down your loan balance. 

I second Account Closed on this one, I feel like nothing kills a deal with a potential cash-flowing condo then a brutal HOA/Condo Association.

Are there any potential pitfalls to selling to an LLC? 

But EVERYONE is obsessed with Ohio right now and from the folks I talk to (12+/week) margins have really gotten squeezed there.Detroit still offers fantastic cash flow and is grossly overlooked in terms of potential upside.

I'm curious to know: What key factors do you prioritize when analyzing a potential real estate investment deal?

Going to be tough to find a cash out at 80% and if you do I would be cautious about additional/potential hidden fees.

A DSCR loan is more based on the asset's revenue potential, not your personal qualification, so if a vacation rental/Airbnb property can make money, you might qualify.But even if you could get a DSCR loan, I'd question whether you should get a DSCR loan. 

Another thing to check when running your numbers is the POTENTIAL taxes on the property.