There's many other options in real estate such as syndication and note investing depending on your level of involvement. 

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

I understand you don't need a lot of space, but you are paying someone else's mortgage.I would start with a fixer-upper investment, up to four units.

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We are looking into getting a fixer upper and plan to rent out our original residence ( Zillow says we can get $2700 median rent in our area ) while moving and fixing up the new house.

My brother needs to move back to the area and found a duplex fixer upper.

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

Early on in my career, I saw a close frend do something similar.. she borrowed from her circle to finance a rural fixer-upper, then paid them back once she refinanced after the rehab.I’m guessing that massive yard plus the barn is already a big selling point for your tenant, especially with a family that wants a little extra room for animals.

Do you have a price point you're targeting and are you looking for turn-key properties or something along the lines of a "fixer upper"?

.: If you've been around these forums a while you may remember @Justin Goodin of Next Level Equity.