I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.

Most cities will have a process to unlock the lots..

I think the freedom of not paying your primary mortgage would be a huge stress relief and allow you to deploy cash quicker in the future and feel safer taking risks when you know your own living situation is covered.On the rental side, I know the magic ingredient in real estate is time and the sooner you get properties, the sooner they appreciate and are paid off by tenants and 5+ rentals 20-30 years from now would definitely be worth more than the one primary.Would love anyone's thoughts on how you would go about this situation!

Wood has a huge variability in strength--between pine varieties, the stress which can cause them to fail varies by more than 2x and you can see 20%+ increase in strength as it ages.Then I have stress concentrations which will yield and then redistribute the load in practice, but not according to the calculations I'm allowed to do. 

But I am curious if my relocation would have to be fully complete or in the process before applying for the loan?

My property is right next to another Duplex set and on the other side, a huge commercial lot.

Having to use their lender is annoying, but for someone who has done it before or at least knows it can be a frustrating process, it's worth it for the deal they give you. 

I am house hacking my unit and is there any difference in those processes as opposed to a regular rental property?

However, weigh the costs of selling and the potential long-term appreciation you’d lose in this area.Real estate investing is a learning process, and you’re already ahead by taking action.

With smart negotiations and a streamlined process, we capitalized on the opportunity for a quick and profitable turnaround.