I am seeking to purchase BRRRR properties for long term investments as well as fix and flip opportunities for additional income in Brevard County.

If you take the rewards in cash back you need to claim it as income.

I work in Construction Project Management and have found that way more people than I think have found an avenue into RE that has been supplemental income and even a hobby for them depending upon which route they took.

Say your firm splits 50/50 with you (there will be some variation of the split it could be as much as 80/20 or 70/30) but that $12,000 comes into the firm and say you get 50%, so your taxable income on the transaction is $6,000. 

The suburbs will be higher taxes but generally better schools and higher income tenants.

I was thinking I would reinvest some of the rental income to make some minor repairs/maintenance around the home.

Until then, Id really like to set up some passive income in the city based upon buying and holding units for rent. 

In New York, you typically need to show an annual income of 80 times the monthly rent to qualify for an apartment.  

When dealing with two separate houses on the same lot being sold together, it is important to consider several factors in determining how to calculate potential rental income.

Typical rates are 8-12% of income either monthly or yearly depending on manager.