Debt Free Investing

[Lance Cummins]

Hi BP! I am new to BP and I am loving it! I listen to all the podcasts and love reading these posts. My wife and I are not fans of debt (good or bad). We worked very hard to graduate from college debt free. We are both working now and making a combined income of $85k. We just bought a house a couple blocks from a university that has 2 bed and 1 bath down stairs and a efficiency rental unit upstairs with a separate entrance from the back. We purchased the house for $83k and it was appraised at $84k. So we did not get a great deal. We plan to have the house paid off in 2 years then move to another house and rent the top and bottom of this house out. We should be able to get around $1,000 rental income/month and we will have no mortgage payment. Any advice for a beginner? Does this sound like a solid game plan?