On the flip side, if you put systems in place for effective management and screen your tenants thoroughly, you can very well supplement your current income with consistent cashflow. 

My wife and I are wanting to give it a try once or twice but if it's as stressful as it sounds it might just be a one time deal.

Sounds like you have added close to $100k of value, added $1,000 a month of tax smart cashflow to your bottom line, improved your personal quality of life, reduced your company's business expenses, and still have more upside.  

@Bintuan ZhuThis sounds like a mad tenant making threats.

Rental Income from other real estate holdings may be considered Effective Income if the documentation requirements listed below are met.

Sounds like you're being pretty reasonable to me.

And unless you incorporate a bookie effectively, there’s a high likelihood it’ll do nothing for your financial freedom.If you’re working five days a week at your job, that’s great.

Hello Brendan, It sounds like you are in a perfect situation to begin a solid investing career given you build some local relationships.

Kinyada Frazier Usually if it sounds too good to be true then it is.

Certainly unfortunate for those effected though.