Since you're not working, you may qualify for REPS, but you need to meet the750-hour requirement and materially participate in your properties.The $300k withdrawal will be taxed as ordinary income, so using cost segregation to create depreciation losses could help reduce your taxable income.

Your cash flow calculation is missing vacancy, maintenance costs, and capital expenses.

We currently max out our Roth 401k, Roth IRA, and $2k per month into our vanguard taxable account.

Hi Nathaniel - You have got the calculation in the previous post.

I am wondering what kind of costs to calculate in, what amenities to offer, and what the average vacancies are for this kind of rental. 

It is generally not advised to hold appreciating property such as real estate inside of an S-Corporation.Taking the properties out will be considered a taxable event.

I'm unsure of how it was calculated or if it may have been an assignment fee that was misinterpreted on their part but they were the seller's agent. 

Add at least $3k per year to any repair and maintenance expense you’ve assumed in your expenses calculation 6.

@Jack LeeTo improve deal analysis skills, use BiggerPockets Calculators, YouTube channels, podcasts, books, online communities, Excel spreadsheets, and local networking events.

Also to note my brother is a journeyman plumber who is willing to help on any plumbing repairs should they come up.Financial ConsiderationsThe numbers look good using the BiggerPockets calculator, but I have concerns about our ability to pull off a BRRRR strategy due to cash reserves and DTI constraints.