On Airbnb you click different dates and you will see how high the occupancy is, how much the total gross amount is, minus management, minus tax, utilities and airbnb fees and you will see if the amount netting is about what you expect. 

The net operating income (all expenses + taxes + insurance) of 12k sounds about right if this is an all-cash deal, but if financing is required, which is 25% down + CapEx, that beautiful 12k operating income shrinks down to around to 1.5k operating income which translates into $125 of monthly cashflow, and this is what gives me the 4.5 CoC that I was talking about.

Also, I have found errors in my last years tax return and I guess I need to point them out to him?

While it is difficult and time-consuming to get approved, the main issue is that the interest rate will run well into double digits and, to add insult to injury, you get taxed on the interest you're paying and you're forced to take a life insurance.

If it's too thin that a property tax or insurance hike takes you too low in cashflow, it might not be worth it.Good luck!

The net proceeds would be the actual amount you received after deducting the payment to the program.It's advisable to consult with a tax professional to ensure that you accurately report the sale on your tax return, taking into account any payments or obligations associated with the program.

So if you made 10k then $5k of it would get taxed. 

No property taxes. 

If you use a payroll company to capture payroll taxes and all..

Biggest thing to know about investing in Texas real estate is property taxes will severely impact monthly cashflow, but long term appreciation has been fantastic here, historically.