Any tax experts know if this is true or not? 

Yes, rental income is taxed as ordinary income.

But I am not a tax specialist.

Before you quit your W2, you'll want to make sure your rentals are making enough on paper to replace that other income.Once you quit your W2 job, you'll officially be considered self employed by lenders and the important thing to keep in mind is that we can only count your NET income.My advice is chat with a CPA who can help you structure your income properly and try and do it 2 years prior to quitting your W2 job.

Do you do taxes for CA?

Does anyone know the process and timeframe for obtaining an Insurable Title after a tax sale in NV?

If so, you get the personal exemption of avoiding taxes on up to $250,000.

I invest and help others invest in Cedar Rapids, Iowa and know a couple neighborhoods where the tax assessed value is lower than other neighborhoods (same house), but just have a poor stigma/border thriving neighborhoods, so the spill over is and will continue to push into these neighborhoods.#4 You can take this questions 2 ways. 

Leaving me with a payment including taxes and insurance of about 1600 a month for another 30 years.

Is the $775K inclusive of the closing costs, transfer tax, land, architectural drawings, engineering drawings, township approvals, legal fees, holding costs (during construction), realtor fees?