You make money and are expected to pay taxes. 

If you want a better answer, try including how many doors you have and your realistic future growth plans.

WIth buying a property as a primary residence, you'd receive far better terms with an FHA loan.With an FHA loan, expect an interest rate in the high 6's low 7s.

I wanted to take a moment and discuss some questions about SFR and respond with some specific trends we expect to see more of in 2024.

Also, what is it about an LLC,  should I get one to put this property under, and a different LLC for each future property?  

I like Kevin's Idea, I would like into Relay for this. you can have around 20 Checking accounts and 2 Savings accounts, they allow you to pay with checks that they said and ACH Payments, both free, and it connects to QBO with ease.They also allow you to have multiple EINs(LLCs) under one log in. you might have to make transfer, but having a Bookkeeper who is on board with your structure would allow you to not have to focus on that part as much.This sounds like an idea I may use for future clients I would have.Good Question!

If you decide to do a value add or build you can expect a 6-10% cash on cash return on 30A with a 35-40% equity position in the value of the property.

Let me know if you need help with this in the future when it comes time to sell. 

They provided insights into rental income expectations and market trends, which helped me identify 'good deals' that aligned with my investment goals.

I am looking to do some conversions from SFH to duplex on a couple properties and build relationships for future BRRRR opportunities!