Loan had high terms of 9.5% calculated to 20 years and a balloon payment on the 3rd year coming up this April 1st.

The numbers look solid - you sold for $2.8 million what you bought for $2 million ten years ago.

Historically REITs in US have outperformed the sp500 for last 50/40/30 years by 3-4% a year, but they have underperformed sp500 in the last 20 years due to Quantitative Easing induced liquidity stock inflation.

I am 19 years old Fresh out of Highschool. 

Case in point, years ago we used Olympic paints from Lowes, which were carried for a long time.

The building value of the rental is written off across 27.5 years.

This training can make you a multi millionaire  at best or put 50 to 100k+ in your pocket every year part time. 

I spent my first 6 years in the financial planning industry working for a firm that had previously sold a lot of privately held REITS that went south.

I would only recommend purchasing items that fall into that vision. 

  $1,500 is a ton of money for a 17 year old.