If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Out of curiosity, anyone care to share their biggest pain points, gripes, or frustrations with building financial models?

It's a small property, and there's very possibility for a financial little upside to anyone who leases from you (no farming, hunting etc) so you're looking at annual type recreational or maybe 'off-grid' type tenant.

@Blake Dials While it's not legally required to set up a separate bank account for a rental property held under your personal name, it is highly recommended for tax and financial organization purposes.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

While you may get a 199A deduction, you are paying a high tax rate.If we are talking about REIT's listed on an exchange, there are additional overhead costs as you mentioned - You have to get audited financial statements and also comply with certain SEC laws.

After about 6mo I ended up meeting the love of my life which opened my eyes to thinking further down the road than I had been previously and although I really enjoy the Casino Marketing game, I soon realized it would not be the best path to achieving my life/financial goals for my future family.

My goals are to provide financial freedom for my future family and establish a sustainable safety net if physical limitations prevent me from retiring from my current W-2s.

This isn't a contest where you compare your numbers to someone else's because no two investors have the same financial goals, and plans to get there. 

That means they don't have the financial means to afford your rental and are highly likely to default on the rent payment.I recommend you watch them like a hawk and start figuring out how to handle late payments, non-payment, and eviction immediately.