@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise. 

I agree with what others above said, that having a reliable, honest and knowledgeable team is the most important thing...more so than perhaps the location. 

(Could be more than just two) So just be aware, you can use the sec 8 income to help with qualifying for a DSCR loan but you could very well end up with a higher rate.  

We have owned rentals in the past as well. 

I also have a client in Turlock who could rec a good CPA up there as well.  

-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate? 

Friendship and business don’t always mix well, so it’s critical to use a solid lease and treat this as a business arrangement.

Well you can probably get around $70k out of your $300k property on a HELOC.

We are still using some towels after 7 years of use as well as all the sheets since we started.The key to those is washing them right.

Nathan Roberts also on this site may have some suggestions as well.