Cristo Balete wrote:That money is probably not tax free, and it's likely going to kick you up into another tax bracket, so take 15% (?) off of that monthly amount. It might even require having someone prepare your tax returns in order to handle it, not sure.
It is worth considering those issues, and how the taxman views that income. I'm pretty sure anyone with a home based business ("sole proprietorship") can report that income without an army of accountants.
Talk to your insurance company also -- any liability issues that might cost you more? For example, they may insist on a gate so the local kids on quads don't race/party on the right of way.
On the flip side, the resale value of your property is automatically higher, since there is a guaranteed income stream to a potential new owner and they basically don't have to lift a finger to get it.