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and the effect that has on the cash flow of the property.   

There isn't much of a selection on the mls and when a good looking deal comes up it seems to sell in just a few days every time.  

So you can do one of three things:(1) prepare a mock 1040 as you normally would as this will give you a high level of accuracy if prepared correctly;(2) review your previous returns and determine your effective tax rate, then apply that rate to this years earnings; (3) have a CPA do it.I get this request all the time so I've built a template for myself that allows me to quickly estimate a client's tax liability.

Our investors  still primarily select annual and those with single family rent to own portfolios only use 3 year.  

I also highly don't think that refinancing into a VA would be effective.

Once you do that then I believe you can fully dive it to a plan on how to execute effectively within that realm.Happy Investing...

:o) I'm just trying to sort through some big picture pieces... before selecting a few general markets to get specific on.

. $495 x 6 x 12 = $35,640 gross income. subtract 5% vacancy and your effective income is $33,858.

I need to find a cheap/free way to get a phone number with a main voicemail greeting which I can then have branch off to different mailboxes where I will provide specific information about the selected house.