Lenders will use your tax returns schedule E to calculate your monthly rental income.

then MLS feeds to all the SM sites and agents can filter through the responses or if it my own property like here in Oregon with our subdivisions I handle the first calls and then qualify them once done and appointment set hand it off to the closer ( my wife )  If I get a ton of E mail request for info I just tell them they need to come and look first.

The first year is probably the most crucial year, as you will need to calculate the cost basis in your rental properties, which will influence your depreciation expense on Schedule E.

Other one I did its just moving along fine no worrisome e mails no hints of cash calls superior communications etc etc.

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I feel like I e read before that 25% of net profit is a good rule of thumb to set aside for those taxes, but what have you all found to be true? 

I would actually suggest you spend that money to get your real estate license and hang your license with an e-brokerage. 

@Jeremy Altdorfer  Just adding to the above, the rent should be on Sch E of their tax return. 

I do these project, but I am going to PM you the contact info for an A/E with a lender that does larger investment projects like this.

stacks of capital for unexpeeccted repairs, zoning, headaces you simply can NOT forse e until it happens, and 6 months of the mortgage in reserves for vacancy/ job loss. 50k an d8k in credit is mayb safe to by 1 property. that 38k you think is left, not nearly that will be left over. so what is leeft..... theere are your reserve. you have noting left to get another property