I recommend having a reserve of at least 1 year of you current income plus any marketing budget you may want.

If you have to wait a year for the higher income to hit your tax returns, that works too... but you're also going to want your rehab to go against the income, so your taxes won't look that good.

This is exciting because I've been thinking about the same thing but more for eco-friendly, modern dwellings for lower income families.

Potential income would put me at ~$-900 negative cash flow.  

Now that I've got an income, I want to find a way to make my money (at least what's left after student loans) work for me and start investing in assets.

Hey BP, been very curious about my debt to income in regards to purchasing my third property.

Conversion rates and income streams will increase dramatically when we teach our pony new tricks.

@Chris Roche - no clue where your $128k limit came from, and I have never heard of a lender requiring more money down if your income is too high.

In 10 years i would like my income to be supplemented with these properties. 

This value is higher if you are married.3) What is your income level?