There are relatively few houses for rent and ours has some unique perks so I do not think getting $900 is unreasonable.With the 30 yr refinance, I would go from still having to pay $200 ish a month to cover the mortgage to bringing in $150 in cash flow.

If the question is what is best for the client, I recommend selling the house, using the profits to repay the IRS in total, and looking for a low-cost housing alternative. 

Appraisals on unique properties are always a roll of the dice.

I still need to do the background check and check references but they seem unique compared to the bulk of inquiries that I have. 

I have a unique situation, with my main profession( day time job), I am planning to work on DoD federal sector - probably with some security clearance.

Financing the purchase and development and repaying over time makes it easier to swallow, provides a means of security for the residents and the primary source of revenue for the development company, I.E. my company to operate toward the next community.

What are some things to know about Alabama State investing for an out-of-state investor?
Things I'm talking about are like increased property taxes for investors...
Water and Sewer paid by Landlord required...
Se...

There may be expenses that you underestimate (using rules of thumb) because there is a unique requirement.

And just maybe the property title will be placed in an LLC that you can be kicked out of the moment you don't cough up those hefty repayments?

Some of the student rentals very close to colleges are renting out by the room so that’s more management intensive but obviously brings in higher income too.Years ago when I lived in New York City, I thought it was unique in that values could change dramatically just by moving a few streets over and having the neighborhood change.