I live in Southern California but my family is from Iowa so I visit regularly and am interested meeting investors in the area.Thanks!

Once you get to around $14k you're going to scale up to $37% but you can deduct half the expenses and depreciation which will reduce your taxable amount of income..again without knowing the income this is not possible to calculate.   

Coach Carson talks about the small but mighty investor and how you're way ahead of non-RE investors with a few solid appreciating properties3) If you haven't done this already put your money into high yield savings account so your cash reserves can grow 4 to 5% not a regular savings account earning 0.1% interest. 

From their credit report, it appears they are making regular payments and haven't been late with any payments on anything in several years, so perhaps they just put their wedding on the cards or something and planned to pay it off, but I don't know.

You have to include the capital gain from the sale of the property which will likely put your taxable income above $89,000.Some of the capital gain will be taxed at 0% and the remaining will likely be taxed at 15%Do not forget about state taxes.

Not to mention regular beach partiers.  

I would be happy with a wholesale operation that yielded me $200K taxable net a year in 2024 dollars.

You will create a taxable event that costs you 15% of your profit, plus don’t forget the 3% surcharge on capital gains over $200,000.  

It looks like I will be able to file a lawsuit in my Texas county instead of theirs because they do regular business in Texas by selling their products via a sales rep who solicit business by phone and email. 

This helps in planning and ensures you’re prepared for unexpected costs.Consult with Your CPA Regularly: Have periodic check-ins with your CPA to review your financial strategy, tax planning, and any changes in tax laws that might affect your investments.