View reportThis property was listed $320KDuplex with basement and 3 car garage in a Class B neighborhood .

There are so many horror stories, that the whole class of investments should be suspect.  

If you could find a duplex property (or a single family house that could be turned into a duplex--check any HOA restrictions first), or a "fixer upper" to live in, that could be a better use of the equity you have in the rental house.If you run the numbers and decide it makes sense to sell the rental house (check with your accountant, figure out closing costs to selling and buying) then you'll possibly have more money to put towards a primary residence.You may want to check the neighborhoods that fall in the school district you want to stay in and look in "under appreciated" areas...maybe not the A class neighborhoods, but ones that have potential of becoming "improved".While I understand your desire to stay in a particular school district, it's not the end of the world to consider other districts if they will allow you to build real estate/family wealth that will put your entire family tree in a better position."

Yep, exactly what I see all gurus pushing: Class C/D properties, section 8 "guaranteed" rent, etc. 

We have a city ordinance that makes income source a protected class, aka you can't say No Section 8, but it also means you can't say ONLY Section 8.

If you were looking to hold, you MIGHT be able to pull off something closer to those numbers but you'll see slow appreciation and most likely be in a C-class area, which means more pro-active management. 

You might think your better because you make more money than other people but there’s plenty of criminals and con artist in your class of people.

We got a bit stodgy at Carrot for about 18 months as we had growing pains, but we've worked crazy hard the past 6 months to build up our teams, hire a world-class COO (she started 2 weeks ago and already making a huge impact) and we're going to be innovating more in the next 2 years than we did in the previous 6. 

Real Estate is one of the most illiquid asset classes and thus takes months to work its way through.

Also, living in the property/neighborhood will stop you from buying Class D trainwrecks - which rarely work out anyways.