It would be a much more stable way to get closer to covering your mortgage, for sure.

As long as the property is in good shape and is able to market itself in the event of a vacancy, then I think you've got a stable, good performing asset. 

Does everyone get one shelf in the fridge?

Market Supply remains relatively flat matching listing inventory indicating a stable buyer’s pool.

I'd really appreciate feedback with regard to whether I should move forward with investing in real estate, or to let the desire go for the time being: I'm 34-years old, married, have 2-children under the age of two, own a home, and have a stable and good paying job.

There is still demand for rentals and sales, though the demand is usually less and the prices are usually lower, and values could be stable or less.

My wife will be the main live-in caretaker for the consumers (clients) till we have a stable income and then we will hire our a live-in caretaker for the property.

the stock market does well in the long run, I put my money in stable mutual funds primarily then if I find a property to invest in that I think will pay me back then I buy it.

Or is there another community/town/state that offers affordable housing and stable rental opportunity?

This indicates a stable rental demand with gradual price increases expected throughout 2024.