It’s like my client in Omaha (where I’m based) :-) he bought a triplex where rents were under-market by $200 per unit.

Therefore a partnership return will need to be filed and each partner will get a K-1 reporting their share of income.Each investor will then report that income on their return.Taxes will be calculated based on each partner's tax rate.Best of luck.

If you had bigger cabins only, definitely not.One thing I would add though is that your returns are somewhat based on your purchase price which you can control. 

Rent would be ~1,400 to 1,800 / month which is above market rate but housing is in very high demand and price is in line with what seniors who live on their own would be willing to pay based on my conversations with local Real Estate Agents. 

Naturally my DTI is high, however my only debt is our primary residence mortgage I have had since 2020.

So you will naturally see more of those higher-priced homes in those markets.

Based on your numbers, this seems to be a Section 8 duplex, is that correct?

They make their living from this work and deal with more hassle than you can imagine, based on what I know from some of my realtor friends.

Further Evaluation (Professional based)Comment 2: Yard wetComment 23/24/25/26/27: Electrical WorkComment 4/5/6/7/40: Glass repairs/sealedComment 28/29/30: Hvac repairsComment 49: Chimney inspected/cleanedRepair (Handyman based)Comment 3: Vegetation removalComment 12: Leaking hose bibComment 13: Sewer cap replacedComment 19: Door knob replacedComment 22: Replace all batteries in smoke detectorsComment 38: Replace clamp in sinkComment 39: Replace dishwasherComment 41/48: Dry wall prepareComment 44/47: Door repairHave you decided on a property manager yet?

We sold a $330k rental property with almost no base so we need to do an 1031 exchange of roughly $300k to offset capital gain.