I would be very interesting looking at your most recent purchase, especially in terms of rehab costs. 

It won't affect 1yr cash on cash return but in terms of ROI, it may be another 5%. 3) Taxes: This is what really sets real estate investing apart from index funds; dividends are taxed.

My question is, how do others manage the rental income in terms of taxes?

I can't wait to read the posts, interact with some of you investors at all levels, and learn as much as I can.A little about me and why I'm here...I'm 32, single, and a full time military member who's tired of the grind and playing the games with less than optimal returns in terms of compensation and quality of life, so I'll be looking to get out at the end of my current contract in 2 years.  

In terms of agents, meetups then?

You start to think in terms of what will best drive up that net worth (or what to eliminate that drives it down) and it helps guide all of those decisions.

What do you personally shoot for in terms of monthly "net cashflow" if you just acquired a property with around 20% in investment basis?

It is extra time, effort and money but will probably pay off in terms of future referrals and business.

I submitted all of the necessary documents and have not heard too much, in terms of application status.

It's definitely not fluff, but representative of a place most overlook in terms of real estate investing.