I want to have a semi-passive source of income, which I hope to grow and be able to retire early (for me that would be when I hit 40k per year in cash flow). 

Would I be able to show the property cash flows and would banks be satisfied? 

If you're struggling for the down payment and faced with cash flow problems- look for 0% down lenders.

They will both cash flow a bit, but were both purchased at close to fair market value. for my next house I would like to either find a Multifamily; no more than a fourplex to house hack for a bit, or find a house on the Outer Banks of NC that is a single family, that has either a in-law unit or room to build one and have a vacation rental on site.

There are also some who take a more business-like approach and will look at the asset, the cash-flow and the leverage, which would mitigate weaker tax returns.

If that happened on a rental property it would wipe out any cash flow, not to mention that it seems unfair to go after back taxes on a home that was just now assessed at a higher value. 

Chicago is next on the list once I have some cash flow...

I just ran a property that I would love to buy if I can find the private money or possibly the hard money at the right rate and ran it through the BRRRR calc.All looks great except when I look at the financial projections section I see the following...50% Rule Cash Flow Estimates Pre-Refinance Total Monthly Income: $2,850 x50% for Expenses: $1,425 Monthly Payment/Interest Payment: $600 Total Monthly Cashflow using 50% Rule: $72 50% Rule Cash Flow Estimates Post-Refinance Total Monthly Income: $2,850x50% for Expenses: $1,425 Monthly Payment/Interest Payment: $556 Total Monthly Cashflow using 50% Rule: $869Am I missing something or should the total monthly cashflow Post refi be that high?  

Cash flow is king

I'm looking at home prices in Globe Arizona and it seems like cash flow would be much higher in that market, and its only an hour away from me.