That impacts the total return over time (which includes cash flow, mortgage repayment, price appreciation) quite a bit.

This is impacted by your out of pocket and the equity in the property.A great cash flowing property like yours if it's paid off is OK - you would net around 18K after expenses (not factoring in allowances). 

Originally posted by @Quinton Bogle:@Bjorn Ahlblad without the LLC can you still use depreciation You can.......an LLC has no impact on your tax return-it is known as a 'disregarded entity' for tax purposes.

You also aren't going to make enough money on $2,000-$3,000 to have a meaningful impact on the time it takes you to save unless you get incredibly lucky, you could also lose a bit of ground as well as stocks don't always go up over the short term.

However, I have always found it most impactful to find a strong mentor who can be used to answer question and bounce ideas off of.

Run the numbers and see what get’s you the best return, including the tax impact.

I pay HOA ($100/year), otherwise tenant pays trash, water, electric, cable/internetSomeone mentioned it impacting your credit??  

I look for up and coming neighborhoods in cities that have strong economies and are not heavily impacted by a downturn.2.)

Let's look at major headwinds on national level and compare them to the local impact here.

The TYPE of property will certainly have an impact on what type of loan options you have.