Sounds about accurate.What you should be focusing on is hopefully you are getting a return(Cash-flow) from your rentals and you are not paying tax on that.This would be better in comparison, to other investments such as dividend or interest income.

I do know changes to zillow are happening on the agent side soon where reviews and feedback will push you either up or down the ladder 

I'm particularly interested in the following areas:* offsetting ordinary (w2) income with bonus depreciation (with cost seg) on RE investments as REP* 1031 exchangeI already read a lot on those subjects, but I still have questions, so I need someone with lots of patience to listen and answer my questions.Appreciate your help!

They filled out an inquiry form on a listing site that mentioned their desired move-in date. 

To be safe, consider starting with standard percentages or slightly reduced figures until you have reliable data on the property’s performance.

Thanks Jonathan - do you have recommendation on if it's best then to flip in this market?

I told him I am glad I did not live on that street.  

You mention using the funds as a down-payment on a property. 

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Congratulations on this investment @Michelle Nguyen !