Then, if our daughter didn't get into a good school in 5 years, we could move to a better school district and hopefully not lose much if any on the sale of the building....or simply keep in and continue renting.So to keep this long post from getting too long, for those of you familiar w/ this type of property in KC, is that realistic?

Would urge you to continue doing what you're doing and max out your tax deferral (IRA) and tax exempt (Roth) account on top of the company match.

I would continue to work with the same contractor next time around, he did a good job and his bid was more competitive than others.

I would like to continue working as a Software Engineer and build a portfolio to pay for my children's college in the future, take nice vacations, and pay my current monthly mortgage. 

I highly doubt that the vegas market will continue to rise over the next 5 years, and I highly doubt my little house will hit 400K.....so again, if I can take my 100K and run I won't mind leaving a bit of money on the table in exchange for guaranteed returns. buy when everyone is selling, and sell when everyone is buying  

don't forget, you can have negative returns in real estate.Keep an eye on u.s. treasuries, as the benchmark 10 year is expected to continue to go up,and if the market is still intact after 4%, then you can feel pretty confident that this is sustainable. 

Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.  

Go with what you feel is comfortable for YOU and always continue to learn and grow from places like BiggerPockets.   

I think many owners are looking to start selling their properties since interest rates are continuing to rise so it might not be a bad time to start looking.

@Allan Anderton You would refi so you can pull your cash back out to reinvest into the next deal and continue to recycle your capital over and over again to ultimately grow your portfolio.