My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

That pain could take the form of working long hours, putting other aspects of your life aside for business, or uprooting your entire life for a short period to escape the rat race.

I'm totally fine using resources like books, online research, and AI, but I was looking for real-life, experienced individuals who could shed some real light.

I purchased my first rental property a month ago and I’ve learned more about real estate and home building in that one month than the rest of my life combined.

They'll accept that and release your property, and your life goes on as normal with your new lender or leftover profit from the sale.

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

This is our first multifamily project and we have aligned ourselves with the talent and knowledge to help bring this to life. 

However, FHA rates will most likely be lower than conventional (but this can be a larger difference for different price ranges)Conventional mortgage insurance drops off automatically at 78% loan-to-value (or you can request it dropped at 80% loan-to-value with an appraisal) whereas FHA it's on there for the life of the loan. 

because there are two groups - those who are out buying real estate and doing deals and those who are marketing a lifestyle or dream to get people to pay for something that rarely if ever happens.

@Nathan Johnson "Our savings are minimal, since teaching isn't very lucrative and life is expensive."