Does this setup make sense and work?

Does it make sense to have that 50/50 split, or am I way off base?

It looks like a few areas have access to more accurate data than others, esp Denver and Minneapolis-St Paul.One has to spend many hours on Zillow, Realtor.com, or any of the other sites to get a sense of what is accurate information and what is not.

We are basically looking for SFHs buy/hold but where the cashflow makes sense.

Makes complete sense @Michael PlaksI was having trouble determining the actual amount paid to my advisor between his management fee as well as trade commissions.

This may or may not make sense depending on your ratio of days on the road vs the property.If you do go with SC, I would again recommend looking outside of city limits (doesn't have to be in the mountains, just not the city itself).

The 5 properties that I made offers on made sense from a cashflow perspective.

It makes sense to turn over the renter at this point (we wouldn't be able to rehab with them in there) and it didn't even occur to me to bring in someone new as a month-to-month while listing it.

If your talking about a Chicago property, your lease is subject to LTO, that more or less nullifies both common sense and common real real estate laws outside 606.

And I have been super fortunate but I don't make a TON of money or we'd be buying in LA ;) ) I've listened to SO many BP podcasts and read dozens of books on this topic...it seems a lot of good investors buy property they haven't seen as long as the market is healthy and the numbers make sense.