Say you find two potential investments: a mom-and-pop coffee shop or Starbucks that both generate $100k in Net Operating Income per year.

However, building up to a $7,000 monthly income would likely require a significant portfolio of notes, more than the initial capital might allow for starting.Rentals: With $20,000-$70,000, you could potentially use leverage to acquire one or two properties in markets where this capital suffices for down payments.

The method you mentioned (BRRRR) is operating on the calculated risk that the property's value will appreciate enough (after renovations) that you can pull out a comfortable amount of cash and use towards your next purchase... all while the potential rental income from the newly updated property going towards paying down your loan balance. 

Utilize Virtual Tours and VideosVirtual tours and videos are powerful tools for showcasing your property to potential buyers.

I second Account Closed on this one, I feel like nothing kills a deal with a potential cash-flowing condo then a brutal HOA/Condo Association.

I haven't done this personally, so maybe somebody else can chime in with tips or advice, but this seems to be an established practice among investors.I don't take cash or collect in person, and it's $50 extra if I have to do either. 

Are there any potential pitfalls to selling to an LLC? 

I'm curious to know: What key factors do you prioritize when analyzing a potential real estate investment deal?

But EVERYONE is obsessed with Ohio right now and from the folks I talk to (12+/week) margins have really gotten squeezed there.Detroit still offers fantastic cash flow and is grossly overlooked in terms of potential upside.

I'd say we're currently on a 6 month cycle of pulling fresh data from them.Our data practices are evolving quickly :-)