my plan is to study finance-related majors in the future, and then practice after having enough experience.

I would however recommend elevating anything placed in a non-elevated utility room to ensure damage is unlikely in future storms.

If the security deposit is not going to cover the the water bill or damages, try to scare him into covering the balance by hinting at sending him to collections and it will appear on any future credit pulls he may have done.

mortgage principal will remain in the future

The knowledge you gain from it will enable you to grow 10X in the future.

If you find this is the case with a property you’re evaluating I would run away not walk as this can be a huge problem for future cash flow.

Your goals seem to balance future personal use with investment potential.

I’m curious about properties in this price range with communities that could grow in near future the further west people move from the city. https://www.zillow.com/homedetails/206-E-North-St-Morris-IL-...

This is because I only buy nice properties which helps minimize my future repairs.

But if refinancing doesn’t leave you with enough equity for future deals, you might be better off flipping for cash and avoiding a lot of refinancing headaches in the short term.If you’re planning to buy your sister out and retain full ownership, you’ll also want to ensure that the numbers still make sense on a long-term hold.