Based on your age & needs, you could consider a variable annuity (stock market) vs a fixed or deferred annuity (more like a long term CD). 

It also serves as a great example of what I tell my college age daughters - email/text is a very hard place to have serious conversations without at least one person getting rubbed the wrong way by what can be inadvertent phrasing by the other party. 

First off, great job on the savings and having a gameplan of what you want to do at your age!

At 12 to 18 months of aging, I may look to cash out on this one.What are others seeing??

@Kyle FitchThis is an age-old question and topic and has been answered many times, which can be found with the magnifying glass lookup. 

., We’re the same age and while I haven’t thought about exiting real estate, I have thought about diversifying asset classes.

A more typical rule of thumb is to budget 10%–15% of gross rental income for maintenance and repairs over the long term, depending on the property’s age, class, and location.

Since I am married and have school age kids, I place a real premium on minimizing my management time. 

NO debt NO debt NO debt on rentals is the way to go as you mature in age as an investors.

As for other ongoing expenses that will really vary by property age and condition.