Both real numbers for income and expenses and also comparables to come up with a suitable cap rate are tough to get. 

Comps are homes that are comparable to the target property.

Cash on Cash isn't the only return if your comparing it to the stock market.

I have calculate the home with a comparable market analysis and come up with a value of $190,00.  235,200 +$190,000 =$425,200.  

Pretty low interest rate too compared to the 30.

It makes sense to weigh both of my options and compare rates, fees, cash accessible, etc. right?

Once he has the average cost per category for the 5 categories he's chosen, he'll compare each local category cost to the national average (which I believe he's getting from home advisor possibly a more in-depth service).4) He takes the difference between the local average and the national average, and then averages the difference.

MN also has some harsh repercussions for landlords if they should have returned a deposit, so I'd personally be nervous testing out in court if you can take the tenant's security deposit, even if you had a clear addendum.  

Or, if your building is in a pod of say 4-6 units, separate from the others, find out what it would cost to fix YOUR building and then feel out the other owners to see if they would be willing to split the cost.Don't sue yourself...Sorry to sound harsh, but we live in such a litigious society that it drives me crazy. 

I also used Google Maps 'street view' to pull images of the identified comparable sales.