I remember those 35 acre ranchettes was very popular in the day.. not sure why 35 acres and not 40s  as you could break down a section  ( 640 acres) in even numbers 320 s  160s  80 s 40s 20s etc. 35 always struck me as odd and you would see them advertised in hunting and fishing mags..

I  bet you will lose 1 tenant  only 

With it being such a unique property, I bet you'll start getting repeat customers and as you build up positive reviews and the same people start booking it again year after year, your schedule will fill up more.

I didn't see anyone mention the Five Point neighborhood, so I am going to guess this is a relatively unsafe bet?

If your goal is to become financially free quickly, your best bet might be to sell and buy something you can house hack but if that isn't an option, keeping this house rented for the next 10 or 15 years could essentially retire you so long as you can find a way to avoid losing half of it to taxes. 

It will be hard to find that type of free cashflow after all expenses in Austin but I would bet you'll see higher than average appreciation.

I really see Columbus Ohio as an extremely safe bet for the next 10-20 years.

This type of financing is popular with investors because it doesn't require any income verification.

I also like to "borrow" ideas and look at what amenities are most popular in that area so that I can include those amenities at my property.

Duplexes, triplexes, and larger apartment buildings are popular choices, especially in areas with strong rental demand.