If I were in your position, I would buy a duplex that has potential for value add, fix it up, live in one unit and rent out the other unit as a medium term rental or long term rental.

I’d offer to hook you up with my PM’s realtor (monthly exclusive rights, not yearly.) but then you might ignore my advice as a repeat of the previous sales pitches you have and will receive on BP.

-Sale my home that I currently live in to fix up the apartment building or-Keep my home and rent it out- use HELOC or-Take out a loan to fixAny advice is appreciated, Thank you!

Just to be clear, I would only charge them for lost rent, from the date they were to move in until the date someone else started paying rent.Now, would that hold up in court?

When it's sold it will be taxed as capital gains tax and may also have some unrecaptured depreciation which is capped at 25% and  recaptured depreciation as well which can be up to your ordinary income tax rate.

Finally, pick up the phone and call any similar complex to yours and see what they're chargingGino

Transparency is key—being honest will help you avoid unnecessary stress and ensure peace of mind.

Additionally it can often results in multiple additional tax filing requirements riving their tax filing costs up unexpectedly. 

I have been to RE meetups in the past with like-minded everyday investors pursuing similar goals, sharing stories and learning from each other, running through numbers, sharing network contacts, and even doing deals together.

There is a safety and follow up piece to have the proper information.