Strategy Advice on the next step

[Kyle Miller]

Hello, 

I am a 37-year-old with a wife & 3 yo daughter. I recently lost the largest account I had for my home-based music business and am looking to transition to real estate investments. My income has declined exponentially after the loss of my largest account, but I paid off the home I live in 8 years ago and have very little overhead.

My home currently comps for around $330,000 and I could potentially convert it into a duplex. 

My income has declined so much that I'd likely need to get a co-signer for a loan and I'd be relying heavily on the passive income from my investment(s).

Any insight/advice for my situation would be greatly appreciated.

Cheers,

Kyle