Thanks to all the people who have provided valuable info and perspectives to me. I could not thank you more.

This will be my second rental if I proceeds. My first rental is in a very desirable area and also a condo complex. My experience is that you provide a comfortable home and slightly lower than market rent, you can pick your tenants and they will stay long. I believe there are many responsible persons in the low income category too. And that’s why I am interested in this property. Since it’s my first foray into this income level, I want to tread water cautiously.

Thanks again for your good input. Please keep it coming. I have so much to learn.