You can take it up another level and if you end up in a place where you have a modestly sized 2BR you can find a roommate and have them pay half the market rent for the unit and split the utilities and then you could be in the living free/making a small profit area there.

Did the sponsor receive equity ownership in the property, or did you employ a different method to compensate the sponsor for his/her support in the deal?

Verify that the reference list is estimated close to the size and type of your portfolio. 

My building has substantial upside on the rents and the lot size is substantially larger.

I also had a full time job until a couple of years ago, but I was self employed so I had more flexibility with my schedule.  

Any employing brokers here in Colorado she could hang her license under?   

The problem will be that if she only qualifies for a 2 bedroom unit based on her family size, then the most the Housing Authority will pay is whatever Fair Market Rent is for a 2 bedroom. 

We asked him to confirm the size of the house.

When we purchased their loan just over a year ago, they were fully employed and we gladly worked with them to modify their loan so they could keep their home.

This limits your income tax liability and reduces your FICA ("self employment" tax) expense.There is a two-day (two 8-hour days, recorded) tax and legal class in the education to which I am connected.