To top in off, we're finally settling an estate this week,  about $200K plus for us.If you were in my shoes, what would you do??

Hi DianeI might be getting into similar shoes.

Depends on the individual investor, their current age, etc.Someone's idea of retirement might be living on 30k a year and traveling the world on a shoe string budget.

(possibly a roommate before)We are also considering converting the place into a duplex with and adding a bathroom for a 1/1 and a 2/1 or 3/1 and a studio(converting the garage).If you were in my shoes would you think this is a good deal?

If you were in my shoes, how would you use the abundance of time and travel perks to further your own investing progress and/or provide value to a more experienced investor you hope to learn from? 

I’ve been in your shoes.

Not a 100% clear on how this looks like for a woman, but for a man the equivalent would be wearing a sports jacket, dress shoes, beard if possible etc :) Goodluck!

The scenario where you use a conventional style mortgage makes the most sense in your shoes.

In your shoes, if you are using a low using a low down payment loan then there probably won't be enough equity left to sell or refinance so your only option is to hold.

Personally if in your shoes I would rather make him an equity partner vs fee based, or pay on performance such as 10% of rents collected, something that is win-win and loose-loose based.