And following this convoluted rabbit hole calculate what kind of property you would need to exceed the profit level you have right now. 

the profit is far less than I typically achieve but this is an awesome cabin (it was owned by a country music star in the past). 

I believe many believe they can assemble a team of realtor, contractor, property manager and lender and become profitable.

Well it looks like non-profits are exempt....So I suppose Dope Traffickers will just buy an ongoing concern non profit and operate that with ownership as an IBC (International Business Corporation) in some privacy haven, or Russia, or Yemin or somewhere (if those places have privacy laws???)

Before taking out profits, make sure you have enough set aside for unexpected expenses like repairs, vacancies, or larger maintenance issues.

And the obvious, again well documented, FOR PROFIT.... 

Section 8 can be very profitable if done the right way, at scale, by an experienced operator, but I think it's one of the hardest strategies to start doing because of tenancies and government involvement.Most new people just think it's an easy government check and there is nothing that could be further from the truth.

If this property won't cash flow as a long term rental, you might want to sell and 1031 exchange into a more profitable property.

They're gonna take some of your profits also. 

Are they profitable?