You multiply that with your tax rate to see your tax savings.  

If an entry door is accessible via basement level at ground level, this is not considered a basement, however, the windows in the bedroom must be of "relatively consistent size" to above-ground windows.

You have to get consistent income before you do anything.

You may network, meet other investors, and pick the brains of special guest speakers by going to these events.Make Use of the Marketplace: Look through the BiggerPockets Marketplace to locate possible partnerships, offers, or services that will help you along the way as an investor.Stay Active: When it comes to networking, consistency is essential.

It's all about consistent base hits, the home runs will come from time to time.

Keep in mind though that building your network takes time and consistency.

Multiply that by 28% (technically you'd now be in a 25% tax bracket if single but bear with me) and your tax liability is $25,200.

The potential in the Bay Area or other coastal markets is massive, but we have seen the risk is also high and the consistency for the average investor can be low.

Gross income creates a filing requirement, but it does not create an actual tax.As to "typical" - all states have different approaches, no consistency at all. 

This is typically the monthly rent multiplied by 12.Estimate Operating Expenses: Sum up all the expenses associated with owning and managing the property on an annual basis.