Monthly Expenses and Cashflow:- Principal, Property Taxes, Home Insurance: $1,446.38- Property Management (12% of Rent Price): $358.08/ mo.- Monthly cashflow: $1,179.54Obviously these are rough estimates, but I feel that I've given myself enough buffer throughout the calculation/ analysis that if there are any unexpected expenses, I'll still be able to cover them and have a property that Cashflows a decent amt each month. 

.- Principal debt paydown: tenant paying off your loan.- Cash flow.Once the above are all added up, your true Rate Return will by far exceed your returns with stocks.Now regarding the different type of real estate, that depends on a lot of factors and mostly on your financial goals and where are you in life today.

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There's potential here, but also drawbacks.

Obviously comes with some drawbacks, but as somebody with two dogs pet allowances are essential when we travel with the entire family. 

The drawbacks are double or triple data entry at times.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

On top of it, reaching 20% down through principal reduction and appreciation could be a decade out.So you should probably look at the project as a long-term partnership with you co-owning this with your sister for the foreseeable future.But these are great opportunities. 

The idea is to limit your targets to just a few with multiple nasty problems that your principals recognize are bigger than they can deal with, hence ripe for you to acquire or control. 

When you refi in a year, you can always put more down towards the principal if you want.