*Location Matters — Neighborhoods that have high demand, quality schools and close proximity to shops and services tend to draw buyers willing to pay a premium for a well-renovated house.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

well, there are gurus and wannabes that's for sure, but if everyone did some research they could figure that out and get the right people to guide them.

Be sure to explore all around the forums as well as many of the FREE tools that Bigger Pockets provides.I am on the lending side of things and am always happy to hop on a call to discuss loan options that are out there, even if not offered by my resources.

Although that would be looked down upon by a lender as well because of the inherent risk of lending to someone who has too much on their plate. 

In my opinion it was well worth every penny.

I do recommend on higher end properties adding TV channels and Spectrum has a live TV stream app (no more boxes, I also imagine other cable providers so as well).

Thank you Jaron..really do appreciate the guidance and candor…I am probably not articulating the finer points well…my daughters are actually only the tennets…they are not involved in any of the potential decisions I am considering.  

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

I also thought of paying a neighbor kid but that sounds like a stressful situation to rely on neighbors I don't really know well.