I get depreciation, principal pay down, positive cash flow of usually about $500 or more per month per property, and the Tenant Buyer maintains the property (so, no toilets to worry about ;-).

You mentioned you have only owned the property for three years so I assume you haven't paid down much of the principal but because you did put work into it, it could be worth getting an appraisal of the new value.

If you're a principal in the transaction you can make any changes you wish.

I was told that instead of usuing the 3.5% down loan it is better to use a 5% down type loan becuse more if your money goes towards the principal that Way.

If you are on the get rich slowly track (depreciation/principal paydown/rent appreciation), I'd probably do it. 

Treasury started requiring identification of principals behind LLC in certain areas of the country like Florida and New York (https://papers.ssrn.com/sol3/papers.cfm?

They included 15 months or so worth both taxes and insurance.Your monthly payment includes principal, interest, taxes and insurance.6% is a little higher than typical loan, but it is difficult to get a loan for less than $50k.....most lenders won’t/can’t do it.

I know one is fine with 5 year term with balloon payment of the initial principal at the end of that. 

An overview can be found here.The CMHC web-site also has a mortgage calculator which will accommodate high-ratio, insured mortgages.My recommendation is to learn the underlaying principals, be able to perform the calculations manually and develop your own spreadsheet.  

Under the principal called Sixth Sense, section titled, Let Great Men Shape Your Life that he described mentors.