Cash Flow vs Salary, What to Expect...

[Pete Fiannaca]

BP Community- 

I'm new to the game and and trying to wrap my head around a few items here. My goal is to buy and hold single-family rentals long term. I'm trying to set a goal for what kind of cash-flow I need to accurately replace my income from my 9-5 and I want to be sure I'm considering the whole picture.

Round numbers...

If I'd like to replace a $5000 monthly salary, and can comfortably bring in $500/door after PITI, maintenance, etc. Does it stand to reason that I'll need to plan on 10 properties before I'm able to quit the grind? How will my tax burden be affected since my main stream of income will be from "passive investments" instead of a salary. How does it change again if I'm using/not using property management? Will my tax bracket go down, giving me the same $5,000 result with potentially 8, or 9 properties?

Besides, PITI, maintenance, reserves, PM schedule and the basic expenses, I guess I'm mainly concerned about tax implications.

Am I looking at this the right way?