To determine cash flow I always subtract the following from my Gross monthly income: Insurance, vacancy, maintenance, mortgage, management, taxes, utilities, capex.  

It's good to be back on BP and I plan to utilize it the right way moving forward.I appreciate your feedback too!

Here is what I would do if I were you starting out:First, utilize all the free resources on here to gain valuable knowledge from experienced real estate investors.

It depends what you mean by live off of or how much money you need.As a general idea to make 100k per year requires roughly 800k-1.5M of invested capital.So if I was your friend I’d pick a cheaper market than Austin but that’s just me.

Someone here has to be doing the AirBnB thing in in KC..... would love to chat and pick your brain, maybe even partner. 

Like they said on the BP podcast all the time, there are many ways to make money in real estate, so pick one and focus on it.

They pay the mortgage and my utilities (essentially living and owning a home for free - in your shoes you would be cash flowing).Then, depending on what you are doing for a job (or college), it'd be good to establish yourself at work and save enough for your rainy day account (savings in case you lose your job) and then start saving more for a rental property.

Should i go to the bank first to know how much they can lending me or to pick an investing first and than i should go to the bank?

What are some specific structures regarding this built into a lease that may not otherwise be utilized regarding a traditional rental?  

Geico mentioned that the insurance company will ask for proofs to show that it is owner occupied - which means utility bills etc.