I’m 30 years old, 10 month old son, juggling taking care of the family, property of 21 acres, an old farm house, work, and real estate.

The plan is to keep operating the property as a PadSplit post-acquisition.

Building back utilities can increase your income, but it requires careful planning and execution."

Highlight features and amenities they care about most.

This could easily cost you $10’s of thousands if you plan to stay in the home 5+ years when you return. 

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.

I’d be very careful about who you replace this tenant with. 

I plan to call lender on this but don't want to wave any red flags. thoughts?