The unique part is the additional basement garage.

The more serious the major the less time to party.

I'm unsure what the right path is, but I've been reading about investing in owner-occupied, multi-family properties.

First of all, a multi-year lease should be a hard "no" even if it was a perfect tenant.

They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!

Clearly this structure has been discussed amongst prospective partners since "Mike the builder" has instructed the parties how the purchase agreement should be papered.  

Can function as either co-living or one large multi-generation single family house.

Otherwise, if you're assuming third party management, then maintenance is either baked into their fee or charged hourly like a vendor. 

For example, multi family is really good for being able to do a cost segregation analysis and accelerate depreciation.

I have been on the search for a small multi family (duplex, tri, or quadplex) in the South DFW (Burleson/Joshua to Mansfield area) This will be my FIRST home purchase to begin house hacking and building my portfolio.