If that is the case, cash flow is a necessity.If you have the means to absorb negative cash flow then you should concentrate on total return.  

I only have 1 rental property at this time, and per the advice of my lawyer was to put it in the LLC. 

Their bad fiscal politics have always been a net negative for such a beautiful place.

I am willing to be onsite back and forth to oversee the project, but ideally would have a system in place to negate this need.

If I only had the money to pull the deals off." 

Cap rate really only matters to me if negative leverage and I have to buy all cash.Monthly cash flow is only for stabilized properties, if there's immediate value add, I can buy negative.

.: Would have bought one higher quality asset (Class A or B) in Indianapolis metro area and not two Class C homes "cash flow on paper" which in reality I'm negative most months (sold one home to cut my losses) - constant repairs called in by tenant.

Below 37% LTV will negatively impact the return.  

The payments on this 1st lien are $1,384.50 P & I only.

Hey Tyler we hate to hear that your experience was negative sincerely we would have hoped that we could have come to a resolution we know that you and your partner had made a request that we do $800 of work that was unfortunately not in your scope of work at the time we had exhausted $4900 in additional work to ensure the property was to satisfaction which included a new hood range upgraded lvp flooring additional framing  new window and a paint upgrade from a single color format to a multi color format and can lighting all of which was never in the original scope and unfortunately when we requested that we do the work you declined I’ve attached before and after videos of the home for reference https://www.dropbox.com/scl/fi/h0ddll4cyp5g5gq12o73s/Video-J... always twos sides to these stories..