I am guessing this is not a distressed asset, but as you move lower in the quality spectrum, your cap rate is less and less meaningful.

Real estate is all about finding your comfort zone, you have to decide where you fall on the spectrum and work with that. 

I am also more on the realist/optimistic side of the spectrum, truly believing all things will workout for the good at the end.

I am also more on the realist/optimistic side of the spectrum, truly believing all things will workout for the good at the end.

If you knowingly rent to someone who is growing, where does that place you on a liability spectrum?

Financing would look like 20-30% down on either of course but with you immaculate financial picture I would expect you to fall on the lower end of that spectrum.

Depending on where she is on the beginning spectrum, I absolutely LOVE this video by Brandon Turner (not sure if it's a podcast episode), but it's a great start: https://www.youtube.com/watch?

For the lower end of the spectrum, you are at around $1350/mo in rents.

In the grey area of the ethics spectrum maybe..... 

The question is this: is 4.6 on the higher end of the spectrum for my position?