Net income is what gets taxed and that is different than cashflow.If you are managing your business correctly, usually cashflow is higher than net income because depreciation expense lowers your net income and depreciation is a non-cash expense.

Really apologize if this is a stupid question, but I’m new to RE investing so I hope to get some help with this basic question. i recently went into contract for my first rental property out of state (PA).

Once I get settled, I plan to start investing in short term rentals in Auburn.

Hello all, My name is Joyce and I am ready to get into the world of real estate. 

If I was first starting out with $100K, I would spend some money on marketing to get deals direct to seller to get better deals.

Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.  

If you put up with BS from your tenants you will get BS.

If you have to ask question #2, you are in over your head in getting into a syndication. 

But that area is a very nice area with a good tenant base and should rent quickly if priced in line and not reaching for the moon on rents.

Things will get interesting if the agent insists on dual agency and getting paid on both sides.