Looking to spend around $20 to $25 per hour for the right person. 

You can spend that time screening tenants looking for more deals or doing anything else you like.

We should have that auto loan paid off by November or December at the latest, and then we'll have $8k-$12k of income coming in every month with only a mortgage payment of $900 and a few household bills to pay from it. 

Hey Daniel, Before you spend money opening an LLC I suggest you go to your local credit union, bank and portfolio lender and find out what they're looking for exactly to qualify you for a business line of credit of x amount. 

Also, don't over spend, try to find a home that will fit your needs and be in line with the rental market. 

You are a reflection of the five people you spend the most time with. 

The problem is that people think they have to spend $400,000 to only make somewhat more than I make with a low-cost property. 

You would then only need to spend what $7,000 or so as the down payment would be 3.5%.

Additionally, I had a bed management team prior and already had to spend close to $1,000 to get the property back into rent condition after switching management companies. 

And that's on top of the countless hours I spend analyzing properties, networking, going to meetups, and reading up on all things Detroit.