I started out strong with mine in high school then quit in college and never started again and now I’m 45 trying to play catch up and hoping real estate can fix my retirement account.

Then they played the let me call my partners and talk about it.

If you're taking into account the ballpark number of $900/mo (or whatever you're planning on paying in rent) x 24 months (just an average based on new build timelines and playing the waiting game with material pricing etc) that would be about $21K ish- or about half or 1/3 of the cost (this will be area specific to you of course) of a small modular home maybe. 

I feel like agents might play with the numbers in order to make it seem like a better deal that it is actually.

When doing a cash out refi, you don't have to take all of the 50k out, you can play with the numbers so you can take some out for a down payment and still cashflow.

I enjoy activities, such as hiking, kayaking, bowling, and playing pool.

., I also think this is part of a power play on their part.To those that are still with me, I hope this was interesting reading.

Since this is a first property, I'd like to play it a bit more conservatively, which (I think) is why the cap rate of 4.79% is lower than ideal.

I'm trying to learn to evaluate a deal by playing around with numbers with bunch of properties. 

With no mortgage, you should not have paid doc stamps - it's a title play not a sale.Then the Quit Claim:  it costs $10 to file the one page document; an attorney would charge $250 to complete or you can do it yourself by downloading the form.Titling.