@Scott Amendola I have definitely achieved those numbers in the past, but I don't want to be so selective that I never deploy capital.

I am 18 years old who is eager to learn and build wealth to achieve financial independence in rental investment.

You've achieved the holy grail of passive income, don't let it go!

So with any investment, deciding on what your risk tolerance is, is paramount to achieving your investment goals.  

What I see with this deal is the value of the home you would be buying it at and the ARV you hope to achieve when the rehab is finished.

Maybe what you have most closely resembles a property management company in which the PM company collects rents, pays expenses on behalf of owners out of rents, and then remits net rents with a statement to owners.I don't necessary think that's optimal as you'd have to charge a fair market PM fee and would open yourself up to SE taxes on what sounds like it would otherwise be rental real estate income.You should talk to a CPA/EA that will sit down with you and have the deep conversation about an optimal way to structure things taking into to consideration everyone's facts, circumstances and goals.

@Perig Vennetier I think you mean to say net income instead of grossIf you subscribe to the 50% expense rule 25,000 gross will only get you 12,500 net which will not meet your total requirement of 50,000 if your salary is 25,000Or look at it another way if you want 25,000 net then you must achieve 50,000 a year gross or about 4,166 per month gross with no mortgages

How are you going to achieve freedom? 

You and your wife are a great example of what you can achieve if you use all of the resources at your fingertips!

While there is room to force equity and recapture much or even most of your cash investment through refi, it is pretty tough to get is all back and truly achieve the so called BRRRR...at least that's been my experience.