The building is old and I will eventually have to update the pumping.The Numbers:$102k Purchase25% down - wanted to do 20%, but liked the rest of the loan5.0% interest rate 30 years Hard money  I am self employed conventional finaincing is a challenge$1071 loan fees 1.5% orig$7292 buy down and other fees = 2%= 1 point lower on rate I will use the fees to offset my taxesIt will take 3 years to cover the buy down - I expect I will own this for the long termMy lender is amazing - PM if you want his info$36k out of pocket - more cash than I wanted, but the deal worksThe good part:$383 P&I on 71k $148 taxes and insurance$300 - Property manager - he is a local guy and does maintenance and property management, collects rent, finds and shows the place.  

Outside labor may go into Contrast Services if it reaccures on a regular basis or into R&M if this is something infrequent or a one-offAs for money amount, contract services are totally property-dependant and their cost vary.

Or at least have her be able to compare and contrast against what I own already.

If you decide to refinance @Thaddeus Ramirez and want to do so conventionally it will be more of an uphill battle being self employed as I am sure you know.

If you are willing to work seriously at it there are many exit strategys to employ to move forward with your goals. 

Do check out their employment history and verify income.  

However, in another year I'll be vested in a pension through my employer and they will make automatic contributions without a required matching contribution from me. 

Local economy, major employers, crime rate by area, appreciation history, default history, possible environmental hazards.

A Solo 401k is a similar program, but designed for folks who qualify by being both self-employed and having no full time employees.Do some reading here on BP and then reach out to some of the professionals you will find here to learn more.  

As an investor and Direct Lender we are out in the field throughout the State regularly educating investors about a host of topics including using leverage, market cycles & the appropriate exit strategies to employ in each, as well as key economic indicators that we must focus on to grow and insulate our businesses from "boom & bust" periods which we've experienced regularly over the last 200 years.