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Yes, it is a commercial property and it normally is valued off cap rates,  but by checking sale comps, you have an idea of roughly what properties are trading at, and you can work backward. 

Build a team of professionals to work with pursuing mutually beneficial goals (Agents, Contractors, Property Managers, Lenders)I look forward to meeting more members here and learning more about RE investing in the area.

You are in the right place to meet folks.

This still meets the criteria as she is making x3 times the part of the rent that she is in charge of. 

However, the rental market in Canton has been relatively strong, and I believe there is potential for decent rental income probably $3500, even if it doesn't meet the 1% rule perfectly.Cash Position: My cash position is fairly stable, but I prefer to hold onto this property long-term rather than pursuing another house hack immediately.

Rates were good at the time and cashflow is good.

The first is the interest rate, my guess from the information you gave is that the loan is about 6% which isn't all that bad, but high enough to consider paying it off versus investing in some S&P 500 etf (depending on your marginal tax rate). 

I started from 0 when I meet Tyler and now I have a successful Real Estate business on my own.

When they say they cap rate is 6.