Also, 6 months reserves is a great rule of thumb, and some lenders require that as proof as well.We do have an arrangement with Helix Mattresses where I can +/- 50% off retail with free shipping on all mattresses. 

I built a number of them pre 08’ but backed off for a while.

And remember that even if the section * tenant offers to pay more than the allowed rent, it is illegal for you to accept more than the allowed rent and it could get both you and the tenant kicked off Section 8.

@Kirstyn Indy - I would start off by calling the credit card(s) that you wish to add your child as an authorized user. 

Or would I be better off keeping it since it’s cash flowing (been this way since day one of renting it 4 years ago), saving some more of my own cash again, and just investing that instead into a short term rental property?

I just don't allow "one off". 

If they want to sell it, then if they are truly a friend why not have them get an agent and sell it versus you trying to make a buck off your friend?

BUT, if you build another structure, all bets are off. 

Would I be better off waiting till they come around again? 

( I'm also getting advised to put them in land trusts on top of the LLC's now $$$ to avoid issues with my loan companies & having them in LLC 'sI feel EVERYWHERE you turn you hear never have rentals in your own name  put them in an LLC In retrospect , I am wondering why I would not have been petter off to keep them ALL in my personal name with 1 giant 5 million dollar umbrella policy for liability  ........