Our faculty adviser is an investor and a leader of a local real estate club.

Look into rolling it over into a self-directed IRA and, as others have stated, do some research on it because there are pitfalls.

I'll use an example with similar numbers because I want to truly understand the reasoning here:On the high end, the interest rate would sit around 5.75%, at the cost of -.125 points (ultimately resulting in a lender credit of $164) and a P&I of $766 per month ... on the low end, the interest rate would be 5.375% at the cost of 1 point (around $1300) with P&I of $735 per month.Given that info, this is to say that if I planned on holding onto this property more than 42 months (that's $766-$735= $31 per month... then $1300/$31=41.94 months), then it would make financial sense to pay down the percentage rate up front at 1 point because beyond 42 months, I'd be saving money every month...

I am thinking of creating a property management company (LLC A) in Pennsylvania to manage couple of properties I already own under my personal name and a LLC (LLC B).

If you want to check, maybe buy a couple of daylight and a couple of 2700 K ones at the store, and try them out at your house.This rating (the color temperature) is not always on the front of the LED lamp box. 

Looking for someone to grow with, who is patient and a bit of a teacher.

Easy to find suited properties, low vacancy, good rental rates and a decent sized population.Jason D.

(this would put me at about 58% LTV and keep enough equity in the home to hedge vacancy and a downturn in the market.2. 

I am need of a reliable Property manager recommendation and a handy-person. 

The attorney is only drafting a deed (and a few other transfer documents).