My question is, do I need to set aside a portion of the profit for income tax?

it seems off of these questions should be known or be well informed of these facts before the cash flow portion is decided. 

Somewhere there is a stellar house hack that is a good rental in an area you like with a fair portion of your wants checked off.Remember REI is a long term process.  

I have never been able to get a solid answer on that, no matter how much searching I have done...Six months reserves, got itWhen I get home from work today I will give the worksheet another work over to show cash flow then the NOI.When doing the calculations, your taking the percentage off the gross rents... do you think I should add my "owner" portion as well?

Each showing will be directed at either the townhomes or SFH portion of the neighborhood.

My wife and I fairly new too and in the networking portion as well.  

@Chris ClothierFor less investor friendly areas a portion of that inventory is still the crisis but the process just takes so long and the banks are reluctant to foreclosure on too many houses at one time. 

The first part of the interview (where you can hear me) I was listening to an echo of myself for a good portion of it so if it seems like I'm talking, then I stop, then I talk, then I stop, it was because of that.  

Yes, the 1st mtg routinely pays a portion, usually 5-10% of the seconds balance. 

Make sure you say that you do not want to settle, but you want to know if you promised to pay $5 or $10 a month, would they be willing to forgive some portion of the debt?