What ROI do you need to justify the liability and active nature of owning a rental property?

It's not illegal provided you're dislosing it to all parties and not trying to actively hid it.

But it’s clear you’re a smart investor who knows the long-term benefits real estate can bring.I keep reminding myself why I stick with real estate: you can make money every month in four different ways:Cash Flow – Passive income to live on.Appreciation – Long-term property value growth.Depreciation – Tax benefits that reduce your taxable income.Tenants Paying Down the Mortgage – Even if you’re paid off now, this is one of the biggest wealth-building tools for leveraged properties.It sounds like your main struggle is the stress of active management—and trust me, you’re not alone.

Some things you may want to consider is how active you are looking to be in your investing.

(**Do Not Accept part of the rent other wise you have to go back to start all over)Ten Day Notice of Eviction The Ten Day Notice is used if the landlord needs to evict the tenant for violating the terms of the lease, such as unauthorized pets, illegal activity, etc.

Instead of throwing your deal out to a bunch of strangers on the internet, I recommend you do your research to find a local expert with 20+ ACTIVE years in real estate in your market.

Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale. 

If i were active though it could have a much bigger impact.

The property is not active yet. 

The tenant pays a monthly premium and keeps an active bank account and credit card on file.