In my opinion: Your current income is a major factor. 

What income do you show on your IRS returns as net number?

Both my husband and I are W-2 employed with a combined income of $185KWe are not planning to flip the home.

You are paying 8% interest on all that money that is not being invested which means you are paying 8% with no income on it coming in the door.

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

Accounting Simplicity: Creating a specific bank account for each LLC can streamline accounting processes, making it easier to track income and expenses for each property.

The LPs get investors the passive investors get 75% of the profit.

But, generally, assess where you are now and where you want to be in the future (i.e. how much time you want to put into managing your investments, wanting $10k monthly passive rental income with little hands-on work, running a short term rental business in a vacation community, etc.).

Some states have zero state income tax. 

And if someone looks at a rental but they're not interested, ShowMojo will automatically notify them when a new rental comes on the market.Here are my statistics for last week:Answered 18 incoming phone callsAnswered 1 incoming text inquiriesAutomatically responded to 13 incoming email inquiriesCaptured 3 inquiries from the webCollected 22 new leadsScheduled 5 new showingsAvoided at least 3 no showsIn one month that comes to 90 calls, four text messages, 55 email inquiries, 12 web inquiries, 88 new leads, 20 new showings, and I avoided 12 no-shows.That's well worth $99 and this isn't even a busy month!