$31k after tax annual income - $11k rent = $20k or $1,600 per month net income left to cover all other expenses (utilities, cars, insurance, groceries, kids, activities, etc.).Median household income for 38128 is $41k or $36k after tax

However, with less than 10% of realtors actively investing, it's crucial to vet them thoroughly.

Look at crime rates, school quality, vacancy rates, and rental demand in those areas.Talk to Local Real Estate Professionals: Connect with real estate agents, property managers, and other investors who are active in the specific areas you're considering.

Chat with them, and ask them where they find their guest (Airbnb, Furnished Finders, Insurance claims, etc).

As I'm new to this domain, I would to hire a consultant to perform some zoning and other due diligence activities.

I want to keep them separate to manage activities according to each regulatory agency.

Instead of throwing your deal out to a bunch of strangers on the internet, I recommend you do your research to find a local expert with 20+ ACTIVE years in real estate in your market.

- what if someone always has a guest over and they're a nuisance? 

Huge cash out in the future from appreciation or active income from rentals now? 

We learned a lot about project based Section8 buildings, but are now actively pursing more projects like this.