It's a bit of a safety net at least.Any ideas, experience, suggestions?

It would allow you to invest while also have the safety net of someone who is experienced.I hope this helps!

But I’d like to build a “passive” income stream that I can grow over time to supplement my earnings and provide a safety net of sorts.

@John Thedford I did :) Just in "CPA mode" hah!

Build up a safety net then go full time real estate investing.Feel free to connect with me, follow me, ETC. 

Just pray for the safety of our service folks but continue doing business.  

I am willing to wait a  year and save up more money so I have some safety net and capex but a friend pointed out to me that that would mean one whole year of pouring my money down the rent drain. 

The safety of the investment would be backed by the value of the house.Some stipulationsWe would likely require a 5 year commitment.  

. :)  I just worry about these west coast folks buying one 40k rental in the mid west not really understanding the tenant demographic etc.. now Granted INdy is safer than say a 40k rental in Memphis that I agree with .. but its just a degree of safety .

Just a couple random thoughts to consider: Without seeing your business model I would say the space seems small, after the required bathrooms etc. your down to only a few hundred SF of space.