@Mary JayYou didn't mention how much DP is involved. 

Document what you do and talk to your accountant.

These include irregular but inevitable expenses, such as vacancy rate, repairs, maintenance, accounting, insurance, property taxes, and property management.

In hindsight it seems clear that you should not have paid 75% upfront.Based on your description of where you are right now, I think that you should take the following into account as you go forward.A “good” attorney will most certainly cost good money.

We're currently setting up our new OpenPhone account.

Although my degree does involve real estate or investing in any way, I am excited to gain as much information and knowledge as I can here through BiggerPockets!

@Michael Shea I'm not a tax accountant, but I've done the rent by room strategy for over 6 years as a house hacker, and I've recognized rent by room tenants rents in the Schedule E part of the tax return.

Puffery is a sign of the times which is why it's best not to get involved in the nonsense at any level.

(Pmts to be deposited directly into sellers account monthly, per realtor.)

A great real estate metric to live by is the stabilized yield on cost which essentially takes into account the value added to your real estate once it is up and running/stabilized.