I am estimating the note would cost 2.5k per month at most. 

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.

Cost of capital is high right now. 

A manager will roughly cost $100-$150 a month to take over a unit (it could be more or less in your market) and manage the units.

if there is appreciation, but you wouldn’t sell your current home tax free and buy a neighboring home to rent out, (There by raising your cost basis for additional depreciation and lower capital gains tax.) then it probably doesn’t make a good rental property. . 

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

While it may seem unfair to offer financial incentives to problematic tenants, sometimes it’s the quickest and least costly way to regain control of your property and move forward.Lastly, connect with local landlord associations or advocacy groups.

. - WRT income, at a minimum it has to cover all of your costs plus some for unforeseeable expenses.  

.$8,000 would likely go away in closing costs.