So the actual tax bill is going to be impossible to predict without looking at the individual owners' personal tax situation.How much of a gain do you think you made on your first flip?

As expenses fluctuate (property taxes, insurance, maintenance items, etc), the cash flow will be up and down and unreliable.

Monthly pre-tax income for household (minimum $5000)7.)

Then you can do a 1031 exchange or sell it at a lower tax rate. 

We do not factor in capital gains tax in our final net profit projection Hope that helps!  

However, I do not know who this could be beyond a property manager which would not work in my case since I am looking to self manage for both tax (material participation in STR loophole) and profitability reasons. 

The bank statements has deposit showing gross pay from the pay stub and not the net pay after taxes.

Why would the government waste our tax dollars paying higher rents than the market?

DOS or more commonly known as Event of default.Alienation of title is an event of default in most all debt instruments not usually located in the Note its in the mortgage  deed of trust etc.And along with other Events of Default  IE non payment of Insurance or tax's or waste these all give the lender the right to Accelerate the note but not the obligation..

Investment properties pay more property tax than home owners.