Some markets are more desirable (say where you can rent a home for 700 and the lot rent portion is 300, and you have a good spread).  

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?

Building a strong team around you is vital when first starting out!

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

I think it's vital to have a good realtor on your side.

@Valeria Vitale Your question is too broad.  

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