Investment Info:

Single-family residence buy & hold investment in Holbrook.

Purchase price: $365,000

Cash invested: $20,000

An apartment in my primary residence.
Upgraded when purchased to comman...

Even all the onions & garlic have been sold out.

Long term goal is supplemental passive income.

it really depends on if you have other income to supplement but lets say you decided to live off of your rental income and you decided that you were going to have minimal equity max debt on all your props then I think you look at OK what could be worse case during the GFC some markets saw 20 to 50% vacancy some saw 100 but most were 10 to 20% so take that figure and then decide if you need 6 months or one year.. this of course if you are solely dependent on your rental income for your income and have no other income from any other source.  

Only offer one month at a time, and tell them they need to find a supplemental job, etc. or consider moving to subsidized housing.  

Or, is this a great opportunity for me to meet investors and supplement some income while I'm at it?

I report my rental income as supplemental income on my personal return.

Maybe it can pay taxes, insurance, a fair rate for property management provided by the owner.. but it is maybe not so useful in supplementing all the anticipated lost rental income used for living. 

Follow me here:Black beans1C dried black beans3C water2tsp onion powder1tsp garlic powderNO salt yet. 35 minutes in Instapot or other pressure cooker, let it naturally releaseRice1C brown rice1/2C finely diced onion2 garlic cloves minced1 1/2C chicken broth or stock (1 3/4C if you're at elevation in Denver or Colorado Springs)1/2C tomato sauce1tsp salt1/2tsp cumin1/2tsp cayenne (less if you're heat sensitive, more if you want to ratchet it up.

What they can and should offer you is good and qualified tenants, no matter voucher or market renters, who have escrowed funds such as last and security in the event that something does come up to supplement your potential loss.