Buying higher cash flowing properties, putting more money down, or adding value/raising rents can further reduce the number needed.I would recommend using the BiggerPockets rental property calculator and Rehab Cost Estimate Calculator to run the numbers on different scenarios in your market.

We manage all of our properties in house, including maintenance and repairs.I’m looking for something that has text communications and maintenance work orders and logs.  

Usually we pull a cash buyer list from Propstream, a buyer list using God Mode in InvestorLift (which includes buyers who used a lender, which sometimes we are fine with) and also I use LandVision which has a layer that shows who already has bought in that specific area. 

I'm wondering if some existing owners are getting out of short-term rentals because of the numbers, which would further reduce supply and, the thinking goes, increase revPAR/occupancy.) 

The Tri-Cities area just south of Richmond which includes Colonial Heights, Hopewell, and Petersburg would be the best area to find properties under 200k that might fit the 1% rule if they need a rehab.

That's good, but are you sure no other utilities need to be included?

1.Benefits of forming an LLC in Wyoming include strong asset protection laws, privacy for owners, and lower costs.

It's so easy to Google anything and find information on anything including YouTube videos.Many newbies on here struggle with the search function which usually reveals a wealth of information on most any RE related topic.

I will bet I can send you some great deal, but you won't have the ability to know they are deals because you don't have the experience to do the math.The biggest problem both new and experienced investors have is nobody watches our backs because everyone has their own agenda and the greed more money.What you need is to do is; rather than banging your head against a concrete wall, post the properties you are looking at, write as much detail about each property as you can including rehab costs, rental income, how much you can increase rents and then let people give you their opinions and advice.Here is a serious problem with people who own their own business and then we wonder why some people are successful and why some are not. 

To my dismay, I have found that as someone who wants to live in one of the units (house hack) that significantly reduces my cash flow to next to nothing, or to nothing, or even negative earnings.