@Eduard Gibert RenartBecause on a note you are getting principal and interest back and it’s hard to reinvest a very low payment.What you are also missing is the tax consequences in these situations which can have major impactsI did a post on this In tax liens advising where 8% is far better than 10% and illustrated this example.

Garrett Sutton (the tax professional that actually does Robert Kiyosaki's taxes) actually has a few issues with some of the very advice that you've been given in other responses on this thread.  

Yearly taxes is roughly $2k.

DYOR on property taxes in SC.

Robuilt has some youtube videos where he covers these tax considerations.

I had several inquiries who were interested until I told them what the taxes and HOA fees were, (About $1,700 per year). 

So you're not talking about C/D housing here where people run off in the middle of the night. $4k deposit is probably a fair deposit.4.

Bravo & congrats on thinking this through for the long term in filing your taxes with the income on there so it qualifies for ongoing income in the long run!

I've been working for the same company for nearly two decades, but I was recently laid off.

The project got off to a slow start with the building department.