Your debt service will also be lower which helps avoid getting pinched by unexpected expenses and being forced to sell.

It's been rezoned to allow a live/work component, allows 4 units, and the FAR allows room for plenty of additional SF. 

We ran into some unexpected costs last year, so aren't able to contribute much to the down payment on the next property right now as we build up our savings again (DP will be her contribution).

If you have some money in the bank to cover unexpected circumstances (vacancy/repairs, etc.) and you know that you're going to struggle to put together the down payment for a multi-family, then beginning to build up some equity, experience and momentum (by taking action) isn't the worst idea.   

However, the question we have is, if she assumes the mortgage and her mom unexpectedly goes into care, can the government force us to sell if it occurs in the five-year window?

One key piece of a cost segregation study is identifying the land value of your property as it helps you be compliant with the IRS and maximize your deductions and tax benefits.When you purchase a property, the purchase price includes the value of the land, buildings and the components.

Seems that a lot of guests do expect a dresser, at the very least for the practicality, and even some guests who consider it an aesthetic component as well. 

I'm glad to hear it's working out :)@Ola Dantis That's an excellent point - at this point, I don't plan on carrying a balance unless an unexpected expensive repair comes up. 

If rates unexpectedly increase and the loan term is coming due, guess what? 

This part was ok although it was unexpected because it's considered a "Hard Money Lender".