@Michael PrimaveraYou will not be known as a high quality landlord if that is your desire do not enter the glamorous world of low income housing. 

The conversion from resi to comm + the added income could drive up the value dramatically.Your only real hurdles (in terms of proceeding with production) are zoning and permitting.

Only a reliable income matters.Rent range - What the segment is willing and able to pay.Configuration - Two bedrooms, three-car garage, large back yard, single-story, two stories?

Typical rates are 8-12% of income either monthly or yearly depending on manager.

And quitting your job will probably not happen right away, the income from your job will help you to get loans to buy real estate.

The wife did his tax return in 2018 Gross $120k.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

It's your job as a landlord to pre-screen potential leads (gross income, credit score, evictions or not, etc) and then only schedule showings for those people that meet your screening standards.

It will return the best investment a on a daily basis reading our advanced in house analytics that calculate income and expenses for every property on the market every day. 

Usually, rent-by-room generates higher gross rental income than whole-house rental.You could also look into STR on the house and time-block when you want to use it.