Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

Should I just save that additional tuition money and put that towards my first investment? 

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income?

In addition, Pace Morby's team could have systems in place to vet the deals for which loans are sought.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

(I'm not including expected appreciation in my ROI numbers, I'm just treating that as a bonus). 

Additionally, there typically are additional state protections (outside of the agreement) based on where the fund is located.

Those credit card points are looking like more of a bonus...Use a HELOC to buy more property.