In doing our research on the BP site so far, we came across the massively helpful STR income calculator shared by the author of this article:https://www.biggerpockets.com/...Being brand new to this, however, we don’t know what to plug in as our applicable tax rate.

This is all so new to me, it's requiring a massive shift in mindset...

There's obviously going to be massive variation here in how many cleans you have and during various high/low seasons. 

Then sold again for a massive profit only to be find its' way back into the system and sold for a few thousand dollars and again flipped for a massive profit.  

In the middle of the house was a massive (and useless) 750 sq ft great room and not only were there no closets except for the tiny 8' X 2' closets in each bed, there were no other rooms.  4 beds, 2 baths, kitchen, great room - and there was *zero* storage anywhere.I worked my butt off to try to sell it including showings, 16 open houses, about 3,000 miles on my car, tons of paid advertising.  

Brian,How are you guys still building there with the massive droughts ongoing in Texas??

That's a massive line item % adjustment, especially considering any appraiser has to explain any line item adjustments over the 10% guideline.

There's a lot of variables to navigate; most wholesalers who can pull this off are very experienced and have a massive buyers list. 

Cash flow is nice, but chances are you won't get rich on cash flow alone.Syndication investors (and investors in general) must take advantage of the opportunity to redeploy their capital once they receive their refinance proceeds.It's true when you receive, let's say, 50% of your capital back, you are now earning a preferred return on a smaller amount of money, so you're getting less cash flow in that deal (even though it is likely your COC% went up - more efficient)But if you take that 50% that you received back, and reinvest it in another deal, now you are earning cash flow in two deals, but what is more important, you are now sharing the upside in two deals, not just one.Refi and Redeploy.Don't get so hypnotized by the set-it-and-forget-it mentality that you don't continue to make your money work.Take advantage of the opportunity to build massive equity and grow your wealth.When you get that money back from a refinance, redeploy it.

@Brent BowersGlad you're having massive success Brent!