To double one's money from 100 to 200 in 10 yrs , Real estate would say that's a 10% yearly return when it is actually a 7.2% annual return due to compounding effects (rule of 72).

Sounds like a solid property.

Welcome Brock, sounds like you are doing pretty well with taking all the right steps.

The pool sounds like a liability nightmare alone.

A couple hundred dollars a month extra cash sounds like it might help her, but at a minimum it will encourage her.  

Initially, the seller agreed to cover the costs of septic system decommissioning and sewer connection, which sounded great.The seller's agent contacted my agent late last night to inform us that our offer had been accepted.

Seeing as you like the outdoors stuff, it sounds like you want to use it.

This is the most basic level of protection and it is not very effective, but it is still better than nothing.

But it takes up a much larger percentage of the rent if you're only pulling in $1000 per month.I just put up a massive post on all my costs and headaches for 5 properties over the last 3 years, if you're interested.https://www.biggerpockets.com/forums/12/topics/1171104-the-m...The advice you're getting on how to use your loan all sounds good to me.

It sounds like you are just getting a good deal on this overall, so if you did a delayed finance with a rehab escrow, then you could get that initial investment back, plus get reimbursed for the repair.