Good luck Message me separately if you need a lawyer. 

Or creates that separation to keep an “emotional barrier” that a Realtor provides.I will say, security/safety should be something to think about.

***depending on how far the house is from the coast, you mayalso be required to have a separate Wind or Hurricane deductible.

We live upstairs and will rent out the basement which has a separate entrance.

You may want to separate out the personal from real estate specific criteria. 

I should not that my plan is to buy a turnkey property; I don't plan on doing any rehabbing on my own.On a separate note, I plan on buying a place at or around $100k.  

Understand neighborhoods and where the good is separated from the bad.

@Andrew Carlson I think you are combining two separate things: 1. tax advantaged retirement accounts and 2. investing in publicly traded securities (stocks, bonds, mutual funds, ETFs, etc). 

I do think I have a conservative estimate of $30,000.00 in repairs.Finally, the electric is not on separate meters so we will be adding on an estimated electric and water/sewage amount to their rent. 

You may want to even push that to 20% since this is a low-value property, there may be additional costs due to the 18 acres, and with separate buildings, you won't see as many efficiencies of scale.Management will likely be 10-12%.If the water/sewer is town, do the tenants pay that individually?