I think your starting point is off - way off. 

My goal is to shift from buying to paying off my properties as soon as the paid off property bar hits $11k per month. 

I strongly recommend getting involved with your local REI meetup groups so you can work out your pitch with help from other landlords.I hope this doesn't come off the wrong way without tone or facial expressions behind it. 

Quote from @Jackson Harris: Quote from @Justin Brin: Quote from @Jackson Harris: Hi Justin, first off this is great and I'm glad you're looking at these trends before going forward. 

Not 100% but we were doing that pre '08', and it was based off our model not drawn from anyone else. 

You are off to a great start with your first one that cash flows. 

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

The goal is to complete renovation within 6 months in between guests and then refinance in the next 1-2yrs to pay off the seller in full!

Quote from @Josh Otero: Hi BP community, I know you've got some crazy tenant stories and I want to hear it.I'll go first:1) I was managing a 5 story apartment building and a dog fell off the 4th floor balcony because of the owner not paying attention.

Then continue to scale - don't try and retire off one deal