Income was categorized in expenses and expenses in income.

A professional company costs more but they will do a better job of protecting your property, income, time, and sanity.Here's my generic guide for finding a PM.Start by going to www.narpm.org to search their directory of managers.

I pay a significant income tax each year.  

We use Autohost to automate this process via an online check-in system: https://www.autohost.ai/You can also use it to gather additional information and place a hold on their credit card, similar to a hotel.The one downside of Autohost, is that it doesn't have an automated way to collect the ID for all the adult guests (although it collects names + email from the guest).Finally, Autohost can also be used to have the guests sign your rental agreement and agree to your house rules.

But with the vacation rental, your debt would be paid off, with a princely income for the rest of your life.

If the duplex is listed at $515k, you could probably qualify and use your VA loan for the unit you are living in, and they will be able to use the projected rental income of the second unit to cover that difference. keep in mid that loan limits vary by County. 

Any ideas for low income housing?

There are some years, that income and expenses will be less than your budget and other years where it is more.If you have more properties, and have the property for more years, you will reduce the risk of outliers to your budget.

Though we can do that, LLC is preferred by most of my clients.o Individual credit will be used for determining max leverage (80% LTC is highest available) and interest rate.o Personal income, taxes, and debt-to-income ratio will not be utilized.

Income: I make ~ $125,000 per year.