Still have plenty of room on the 50% vehicle to income ratio. 

I do think it is very much like buying a vehicle before closing on a mortgage. 

You will be fine and you will crush it as long as you don't graduate and go buy a brand new vehicle and take on other bad debt just cause you can.Note: This is all the advice I would give myself if I could go back 15+ years and talk to myself in college. 

What is the vehicle count on the road out front?  

We are all at different points of life with the same goal to increase income but the vehicle for some will be a better fit for others and vice versa.

So it might help to think about it as a$400/mo property + a vehicle to help your credit get back to where it needs to be (which could jumpstart your investing much more then "a better property")If you're in need of cash, then maybe sell it and take care of number 1 (yourself) first, but IMO this property sounds like a pretty great investment as is...

After finishing the work and finding a tenant I wanted the vehicle out so the new tenant could park there. 

If we watch the pros, when things are volatile in real estate, they invest in stocks, or another vehicle, and on and on.

He is not familiar with a self-directed IRA.A self-directed IRA is still a tax sheltered retirement savings vehicle, just with the capacity to invest more diversely than just the stock market. 

I bought it because it was a safer wealth accumulation vehicle.