No disrespect meant to the OP...but I find the question almost funny!

Learn how to skip trace OP and starting hitting the phones.

Andrew, essentially you are saying the best way to go about this situation is to refinance the property through the OP's personal income?  

Hi @Marv Nettles,You said in OP that you would "love" to refinance in six months, but somehow I got that you wanted to refinance "immediately" in my head.

The OP indicated that the figure is after P&I deductions..And I agree, we need the rent roll and CAPEX numbers from the past three years to arrive at a better estimate.

Also 50% expenses, especially if they are house-hacking/self managing, would be quite high (unless the property is pre-1925-ish and already needs a lot of work).Ultimately the OP will consider where to invest and what cap they're willing to accept based on their personal goals and specific investment philosophy.  

When I pay another Brokerage a co-op commission, am I supposed to be 1099'ing them?  

Thank you for correcting and getting proper info to OP.

@Joe SplitrockThanks for pointing out that I AM talking about 2 different kinds of deductions.I'm the OP of the thread.

Fair enough, didn't mean to jump down your throat but it wasn't clear from your op that circumstances changed during inspection.Still I agree with others that think there's not enough cushion in this deal to commit so much time and cash in this market.