While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.

You have a lot going on and if you had a 457 you were a highly compensated EE.   

It sounds good in theory, but in practice is highly unlikely.  

The penalties are just too high. 

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In high barrier markets, rents have gotten stronger but not the double digit growth we had seen, which was an anomaly.  

I would suggest the same thing to my own daughter.Heck, I have found out many of my members at MREI paid 40-50k to one of the high end "gurus". 

But here are the basics of each class.Class A Property:This is the “high-rent district”.

@Cathy Ries Yes, tax planning before acquiring rental properties is highly beneficial, especially given your situation.

We moved into a nice house in Florida when I was a sophomore in high school.