A note failing after two months is a pretty rare event Aloha is a very experienced lender. 

Tax and Legal ConsiderationsUnderstand the tax implications and legal responsibilities associated with rental income.

We saw huge appreciation in the 2018-2022 inflation run up, but that has significantly slowed these days in my opinion.From a rental perspective your monthly income per unit after all expenses with a typical 20% down payment is likely $100-300 when you find a property that will cash flow.

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

Life took some twists after my husband passed away...

However , properties taxes are due like roughly 12k for the two lots. 

I left PPR back in 2019 and shortly after co-founded GSP REI, where I've been since.

You also don't have to pay state tax on income. 

After all expenses, including PITI, we net on average $700/month.

After sitting vacant for a while I'm entertaining the option of converting to residential units.