Your long-term vision for financial freedom and setting an example for your daughter is inspiring!

There are a lot of ways to answer this question, and most replies so far have focused on the financial analysis side.

I do like to recommend both as the best practice and if finances allow it.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Welcome to the group.As you embark on building and expanding your real estate portfolio, one of the most important steps you can take is establishing a strong, proactive asset protection strategy.Real estate investing offers great potential, but it also carries inherent risks, from lawsuits and liability claims to unforeseen creditor issues.

If that's in the stock market, financial experts say that to be $500/mo.Stock market of course is liquid but I'll keep multiple six figs liquid just for safety.In a recession I'd sleep much better at night collecting monthly rent rather than have terrors about the stock market.

When i demanded a reckoning of his financials he went completly dark.

When doing due diligence to create a healthy investment portfolio, every investor will do it differently because every investor has a different risk tolerance, comes from a different financial situation and has different financial goals.

It's like getting financially married and most end in a nasty divorce.

Consider making a financial plan which you can do on your own and will guide asset allocation. 

For most Americans this is an extremely over-leveraged position.However, investors typically find themselves in leveraged positions, and $150 per month in additional cash flow could make more sense, especially if the property is treated as an asset that is actually generating income.