Thinking about taking a little cash out, mixing it with personal savings and going after another property with a nice down payment as a hedge against market fluctuations. 

I thought James was a respectable no-nonsense person?

I’m personally happier entering into longer leases, even though they purport to offer premiums over market rents.

If we chose to convert it to rental, and keep all that money completely seperate from our personal finances, do we do it all in his name? 

And you likely haven't faced life on a downturn, it all comes down at once and it's kind of correlated professionally and personally. 

I'm the principal broker for Hardin Realty & Property Management -- We encourage agents to invest and complete personal transactions!

They know how to track things, use multiple PMS softwares, file aircovers and so much more because I have personally spent years training them exactly how to do things the right way. 

I don't know anyone there personally doing it like we do, but it's something to consider.The other option, of course, is to just try and bump up your expected monthly cost from 10% to something like 12% - 15%.

My cousin has stepped up to fill the financial need, but I still will require in person guidance when planning the rental launch late this year or early next year. 

Meetings are once a month in person and many meetings on zoom.