I would agree with the VC… Actually Jim I always thought VC was Venture Capitalist as well until it was cleared up a few years ago.
I think that if you have run a spreadsheet and figured out it can be a positive cash flow rental, and you like the house so much that you could live in it, I like it as a hedge bet as well. You financed it correctly, and you will be able to use it as a nice tax shelter with your depreciation expense.