I would view the leasing as a lead generation tool.

Numbers will differ in every market but there are deals to be done all over the country with the right strategy employed.

Welcome to BiggerPockets @Jay Thomas People invest for several reasons.For me it's the freedom and creating generational wealth via single family and multi-family investments.Goodluck with your journey.

Is there some place I can find the bank account and employment details of my tenant ?

Is there a place I can find the bank account and employment details of my tenant?

If you would like to avoid taxes, another option is to take out a mortgage or home equity line of credit against the property and use that money as a down payment to buy another property and now have 2 rental properties generating monthly income .Hope this helps Judah 

@Petar Tosevski you need to add value to others if you want to be successful in lead generation.

However, nonqualified use does not include any period of such use that occurs (1) any time during the five-year period ending on the date of the sale that occurs after the last day of use as a principal residence, or (2) any time (up to two years) that the taxpayer is temporarily absent due to a change in place of employment, health, or unforeseen circumstances. 

Your employment needs to be there or a letter from employer that you can work remote for the next 36 months. 

We've worked on generating multiple lead sources that are now coming to fruition.