There will be homework, lots of yellow letters sent, and different weekly follow up calls from someone in Phil's team.

Quick math tells me that you can get about 37k (minus closing costs) in a cash out refinance.

Not a bad thing, that is how distributed databases were secured 40 years ago-also with math.

I suggest just keep it simple, RE is just about math, end of story.

The math gets a bit more complicated to calculate the adjusted deduction but the minimum is $1050 (scaling up with earned income). 

Not to "do your homework for you," but this is fun, let's take the GPT suggestions above from @Kristi KandelVersaStorage: Vehicle Parking and Self-StorageLong-term vehicle parking is what you do, that not everyone does, so it comes first, when markets find equilibrium you will find higher profit margins on that, for that reason, so that's the priority.

To see for yourself, just go online to the clerk’s site, Official Records, look at any random deed transfer recording....the price is shown and the doc stamps $ amount charged is printed on the deed in the upper right hand corner....you do the math......it is $0.70/$100. 

I will continue my homework based on your recommendations.

The home would likely rent for around $2,000 - $2,200.These are pretend numbers and you may find something that works, but I would be very careful with the math and ensure you account for all expenses, including vacancy, maintenance, property management, etc.

Definitely have a lot of homework and due diligence to do!