Hello BP community,I am a new landlord and I recently rented out one of my properties in Houston to a family of 4.

Since I will be maintaining her property, I am planning to offer her to convert it to an Airbnb rental and I will run it for her since I am based in Tucson, Arizona.

Net income is what gets taxed and that is different than cashflow.If you are managing your business correctly, usually cashflow is higher than net income because depreciation expense lowers your net income and depreciation is a non-cash expense.

If you have a property management company handling your property they will also typically charge you a lease renewal fee when renewing existing tenants.

And I spose you don't have limit your purchase to one seller. 

Hello all,My name is Raheim and I live in North Carolina, i am new to investing amd looking forward to learning and networking.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

The other catch is you have to either document prior experience managing rental units or use a property management company if you need the rental income to qualify. 

Those landlords sometimes feels the pain managing property outside the state.  

DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.