Congratulations on your first investment property! 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Bronx.

Purchase price: $640,000

Cash invested: $220,000

Purchase price $640,000
Got it at this price because there is a no...

STR Property management is common and I know a lot of folks doing this.  

Quote from @Marlena Hawkins: Does anyone know what insurance (liability, E&O etc.) is required for Property Management companies in DC and Maryland? 

The replacement property must be similar in that it is another rental property. 

If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!

Hello, I'm in Colorado and run the Denver Association of Assisted Living Residences.

Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.

Or local to the property?

Your property management company can help once you own the property but up until then you need someone good on your side!!!