Maybe $100 but thats not including saving any money towards unexpected expenses...

Will that be paid up by then as well?

In all cases the sellers are asking anywhere from 70% to %150 of what they paid for just a year or 2 ago.

Every day I receive calls from out of state investors who paid far too much for their property in my opinion and it always is because they trusted others too much instead of performing their own research.

I have all the income and expenses.

And, since 2012, after FHFA was back on its feet, the Treasury has been paid an ongoing dividend on the earnings of FHFA. ie the government / taxpayers are making money on Fannie and Freddie, for bailing them out (more on this later).

She is offering to refinance one of her homes that is completely paid off.

Many are choosing the most expensive they can afford on purpose.

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

It's not good to burn bridges in this business, and we agents do a lot of free work that we never get paid for.