I found Bigger Pockets about 6 months ago and have been devouring content without getting into "paralysis-by-analysis" mode. 

IMO if you chose #1 now you can always choose options #2 or #4 six months(maybe a year) down the road, pull all your 60K back out plus what ever appreciation you have(if any) and move forward. to me in option #3 you said paying interest bothers you and option 1 solves that problem, gives you practice with a new tenant so if they don't pay or u have problems you don't have 2 bills( your old mortgage and your new mortgage) to manage along with the stress(of kicking out your friend and finding a new tenant) just the one mortgage that your fiance already has within his budget(because your 60K didnt' factor into bank financing so you found a home to move to that was within his budget alone(even more safety net) or at least lower mortgage payment and house than if you had 60K to use to buy-down another home. but i digress....Option #1 is less stress , less interest payments,and less of your money with 2 options left over at a later date. like joe said your 60K is safely locked away in the home(minus depreciation) which you can always pull out later on when you are more risk-prove.Still your choice but that my point of view.Good luck!

The two things that Derek said are safety essentials in any Lease transaction. 

I don’t know what that figure includes.Taxes = $1,743/yrInsurance = $1,817/yrUtilities = $1,459/yr (water, sewer, trash)I put all this info in my cost model. I

What I like about Keller Williams' model is that they offer all five to both full time and dual career agents like yourself.

I guess I am used to be in control and 'wait and see' puts me into problem solving mode.

This is more of a "safety net"/conservative approach than a requirement (as Andrew also correctly pointed out). 

If he hasn't been out to the property yet, you should be good.I would probably take the higher interest rate with longer am because my business is in growth mode.

I am still in learning mode as well but would be happy to meetup one day if you like.

Wholesalers' business model is to exploit the inefficiencies in the market.