@Sam Gleadle check out Relay Financial and/or Ally Bank

You should expect to pay federal income tax at your marginal tax rate (same as you'd pay for your W2 income or other ordinary income), plus self-employment taxes on some or all of the income (depending on your entity structure). 

Were you thinking individual liens or all on one lien?

The beauty about this service is that you have a choice as to wether you collect a portion of the rent or all of it at once.

Get others to pay for most or all of your PITI. 

Than, dedicate that for a certain reoccurring "thing" like all fuel purchases, or all meals.

My question is the 7, or 30 day average....is that by property, or all properties?

Six months after the purchase I should be able to refinance and pull out most (or all) of my cash and decide whether I want to do it again or not.

Be cautious moving forward on filing insurance claims or all of your cash flow with be eaten up by insurance costs lol. 

There is a huge chance that the property manager is in on it and is either covering for his tenant buddy who isnt paying his rent or is trying to keep some or all of the rent that the tenant may or may not be paying.Also if the scam is to take the down payment and foreclose, you are playing right into it.