How much would a similar home's rent for?

They should be using a net rental income analysis which would produce an income figure specific to each property based on your reporting on Sched E.

What I would do is check with your current insurer for your primary.

That will help you "real-life" the knowledge from the books and learn how everyone's journey is different.You seem like you know the journey is long and your new day job is going to be a very important cog in that wheel.

If you don't need assistance marketing the property and just filling out paperwork with a tenant you found, many agents will charge you a flat fee that may be cheaper than an attorney. 

Do you think it would be better for her to hang on to it until spring and try to sell again for the higher price?

I'm curious what would be some different ways I could look at structuring the deal, and is the 10% return going to be attractive to people who invest in deals like this?

This would be a ten year initial commitment of my IRA converted Roth IRA dollars.  

Hi David and Nicole,I'd be happy to jump on a call if you are looking into Calgary. 

Seems too good to be true but I guess if they enough of them it pays off.