I live in Cullman.

We live in California at the moment and I have W2 job and my wife a small online business.

There are some exceptions, but the HOA dues normally kill your returns and there are all kinds of other issues having tenants living close together. 

After 4-5-6 years then maybe roll them up into a small mulitfamily.Another option if you have the credit and some capital is to buy a 4 unit as owner/occupied and live in one and rent the other 3. 

Hey Dan, renting to a sober living operator can be a great idea.

i do not however use it for heat mine is an AC only unit I believe not a heat pump unit.If you're whole unit is relying on one mini split for ac and heat that surprises me just given if you shut a bedroom door you'd not have heat from the split that I assume is in the living room. 

I’m based out of state so would be looking for a company that could assist with day-to-day issues as well as securing tenants.

Nope but it certainly assists for people than it hurts and also only about 1/2 the loans in the country get securitized.

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

Where do you live?