My buddy Noah Singerman is the new beverage director at the Wise Buck, Scarecrow, Feathertop food court at 23 Ann Street.

Denied benefits to short-term welfare, food stamps, housing assistance, etc, they are not afforded the time required to seek out the other 20% before either becoming homeless or returning to illegal activity.Matt/Johnny - Thanks, this was exactly the type of expectation-setting I needed.  

Just some food for thought.

The further up the food chain you go, the greater the risk of the scenario you outlined - that your mortgage, relative to all other mortgages in the pool of rental investment, is higher, leaving you less able to cut prices in the case of oversupply.

Financing the purchase of junk food like a stereotypical baby boomer is not a legitimate purpose.

I am currently looking to diversify my income stream and am looking at certain retail and fast food buildings for sale in my area.

GonI recently posted a BP blog that my give you some food for thought.  

Do you have enough cash reserves to keep food on the table if your wife and you don't have any business for the next few months?

Another tenant was $50.00 short but was at the Cleveland air show (priorities) that can exceed $100.00 per person once you figure food, beer and parking.It honestly doesn't bother me too much as everyone has to pay a late fee if I'm not paid in full on time.

Of course, any rental income you have left after that does get hit with Federal income tax, but not with the FICA / Medicare taxes the ordinary wages of our poor hardworking employee are subject to.Furthermore, as a member of the military you get BAH and BAS (housing and food allowances) and you do not get taxed on that money, and you still get to claim the standard deduction on your taxes.I hope those facts help you get into a more positive mindset about your rental.