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.

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...

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

If you want the quick formula for your SFR:PGI (potential gross income)-VCL (vacancy and credit losses)+OI (other income--laundromat, cable etc)=EGI (effective gross income)-OE (operating expenses)=NOI (net operating income)If you get financing, you do not factor that into this equation.

I am an architect (my full time job) and have been practicing architecture designing retail, multifamily, residential and healthcare for 15 plus years.

Second, you would effectively have no skin in the game.

I guess I didn't give it a chance long enough to see what strategy was the most effective.

"Scheme" as a noun refers to a plan or arrangement to attain something or put an idea in effect.

Also would our decision to finance the building + assets together or separately have any effect on this?