Are you willing to take on the extra administrative burden?

Here is the one truth that a lot of new wholesalers/bird doggers/investors don't get:If you have a true deal, investors will line up on a waiting list to take it off your hands.If you put your focus 100% on finding deals, you will make money.

@Sean Apple Welcome to BP and congrats on looking for better ways to save and grow your extra income.

My agent and I are going out this afternoon for the 3rd time, just being patient and I want my first one to have a little extra padding for mistakes which I'm sure will occur.At what point in time do you recommend establishing a LLC?

(I would advise if the answer is yes to make sure no viscous breeds are allowed and also get an extra security deposit and possibly extra monthly rent.)Also, something that helped us that you might want to consider is for your credit check is that the score matters, but we look deeper than the score if there are things that come up (and in New Brit there are usually things that come up).If tenants are skipping out on "modern life essentials" like utility bills, cell phone bills, car payments that is a huge red flag.However, if it is a result of medical bills or student loans (or possibly a foreclosure during the crash) you may want to look past some of those.

An extra $100 a month doesnt sound like a good deal to me. there must be more to this. 

Raising rents $100/mo on a 10% cap property will get you an extra $12K in value/sale price (assuming nothing else changes) while doing the same to a 5% cap property will add $24K to the value.

And this goes without saying but that should also be the truth if you want to last.

She owned it for 20 Yrs and owe $140k and she wouldn't mind a extra 10-20k if she sell. 

You could just adjust your % to 60 instead of 75% to account for all those extra costs.