I recently read, I thought pretty thoroughly, but I plan to re-read again anyway.

After re-reading your comments, I am concerned about this:"If a residence converted to rental property is later sold at a gain, the basis in the converted property is the original cost or other basis plus amounts paid for capital improvements, less any depreciation taken."

Now that I have reread my initial post, I can see how it could be confusing. 

I have been reading 1 audio book a day and sometimes re-reading the same book multiple times a week.My goal is for me and my wife to purchase 2-3 homes a year to rent and 3-4 homes a year to flip for extra income.

Wait, I just reread that....those are some NUMBERS!

I'm rereading Frank Gallinellis' book on cash flow and 36 other financial measures, and I find myself wanting to practice his analysis principles with real life properties (so much so that I've taken a break form reading it to post this), however I'm not sure if what I typically end up doing can be really called analysis.... as it usually ends up resembling just a very structured form of guessing.

Oh, re-reading - you're going to buy/hold.

I just read "the book on rental property investing" and plan on re-reading it..

I reread what you wrote a few times to make sure I understand what you are saying so that I do not put words in your mouth like you did me, I never said 30%.

I'll definitely have to reread all the comments on here to get a better understanding of what to do in the future.