Even with that I don't see how it could be a bad choice unless I botch the investment deal. 

However, you get the choice to hold them to the lease or let them off light, it's your prerogative. 

@Albert Zheng, residents seems to be a better choice, thanks for the info.

Investing at home is always the first choice!

I am going to assume you don't declare that income to the IRS on your tax return and pay the proper amount of taxes on it.If it is not on your last two years of tax returns,you will get no credit for it from the traditional banks and lenders which means you ability to borrow money will be based solely on what little you do declare and have taxed properly.Your savings and checking account s and stock holdings are irrelevant,only your verifiable monthly and yearly income.Your only choice would be a hard money lender at an enormous interest rate.

@Clayton Swansen,  The choice is yours my friend. 

My thoughts: builders hire designers to pick their colors...so these are pro choices for my area, central Texas.  

The real estate melt-down in 2008-2009 necessitated my unretirement...After looking for some other way to rebuild my retirement portfolio I have circled back to real estate as my vehicle of choice.

The real estate melt-down in 2008-2009 necessitated my unretirement...After looking for some other way to rebuild my retirement portfolio I have circled back to real estate as my vehicle of choice.

Would love to get together and share ideas and opinions that would be mutually beneficial.