@Nate Sanow I looked at a deals for a guy last week and he was reflecting cash flow of $208.75 in month two of having a tenant. 

It reflects the average rental income per booked night, including nightly rates and additional fees like cleaning charges, pet fees, etc.

Taxes when they get reassessed to reflect the purchase price can eat away at your cashflow. 

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Regardless, you will likely be adjusting the expense base to reflect the tax reassessment (which you can obtain from the local county), insurance (from your insurance broker quote), property management fee, and usual repair/maintenance expenses/admin/advertising/contract services/utilities.

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The true reflection of ambition.

General pricing doesn't reflect what sellers are willing to take in most cases.

My question is how do I reflect this income on my taxes.

I think the information in the article is pretty spot on and reflects what I'm seeing and hearing as well.