Seasonal profits take a little more work here, but generate a much higher cashflow than SF's.

There's a lot of ways to lose on 2nds but there is also a lot of ways to generate solid returns and higher interest yields with this strategy.

Are you required to generate income though? 

Duplexes, triplexes, or small apartment buildings allow you to generate more rental income while spreading the risk across multiple units.

We dealt with rentals, flips, commercial, small apartment complex developments (~10 apartments), sport facilities, and a few government contracts.We are actually very open to different opportunities and investment approaches, but our plan was to start "smaller" with some cash deals in NJ (maybe somewhere in the area between Staten Island and Philadelphia, but staying in NJ), by flipping a few smaller properties and starting to generate some income.

My understanding is that a lower price to rent ratio may indicate a property’s ability to generate cash flow.  

The outcome of investing in 9121 Chesapeake Blvd has been positive, with the property achieving full occupancy and generating a steady rental income.

As for the estimated income taxes, there’s no gain until I actually sell the house, at which point everything would be in COGS anyway—under your method or J Scott’s method—so I’ll know how much net income was generated and can easily estimate income taxes.

The tenants power was shut off for non-payment and I need to put the account back in my name.Recently my HOA sent me photos of my rental townhome with a gas generator running in the yard and the electric meter missing and shorted out.

Rent out any bedrooms you aren't using while you live there to generate even more cashflow.