You will need to do some homework here but when you buy the Home you want to buy in the LLC name when possible otherwise your well less anonymous than you would prefer and transfering from your name to LLC repeatedly is not very descreet either.

When you file your schedule C, the math is Income, minus expenses, minus self-employment taxes = compensation to you. 

@Tim Ellis basic math my friend.

As this seems counterintuitive, I wanted to ask:1) Is my math roughly right?

In the meanwhile, trying to work my own offer; quick math makes me think this isn't quite right for a BRRR, but maybe a flip instead?

Then, I'd start analyzing properties excessively until you're comfortable with the math behind a good rental property.

Soooo the math . . .Total Monthly Debt $3020 - $2262 (75% monthly income/$3015) = $758 is what would go against DTI Ratio?

You really need to do your homework and understand yourself first.  

Often times there is demand and a niche marketing that makes a good driver - but the price isn't worth doing the deal.Properties that are in vacation areas tend to do the best but "Stay-cations" are very popular now in more remote areas as a result of the dang virus.Do you homework with those who jumped in before you and learn what they learned from the experience.

Let's do the #'s on your question: Let's say it's utopia-ville where all properties are always $100k, tenants always pay $1k, and everything is always perfect and right, to keep it simple math.