Unless the 1-year leaser re-up's their lease (which has been the norm for us at least for a second year) with an annual turnover we wouldn't be making anything significant on the property which is why we prefer 18 month or 2-year leases.

Here's my situation, I was going to start a position as a project engineer this upcoming Monday with an annual salary of $72,000.

. $50k invested per year at a 10% annual compounding return is just over $9m in 30 years on $1.5m invested.

On my first annual rental the property manager refused to share the completed rental application and screening reports with me, under the pretext or privacy, FCRA laws, etc.

Here are the numbers…Purchase $375,000.00Cleanout $25,000.00Rehab $375,000.00 (I estimated a little under 275, 100k lesson) All in right at $775,000.00With current rents the NOI is 108,000 annual.

On top of the fact that I already have a business plan showing that income from the other ag operations cover the annual payments? 

You can generally place a voucher tenant in any property.In order to place a section 8 tenant you will have to pass an initial inspection as well as an annual inspection where they tend to be more strict and have you fix things that you may not have addressed for a market tenant.

Kevin has great advice. 22-35K annually is not sustainable to live on.

Having a complex structure adds annual costs, but it might make more sense to enhance your insurance liability coverage instead. 

This is a DSCR ratio of 2.01 and an annual cash on cash return of about 34% (30k cash invested) This would be a good long term play.