I am taking a salesperson license exam this year to get into the industry and use these commissions toward closing costs.

While very lucrative - if you don't have enough reserves, it can really break the bank. 

It’s awesome to see you taking action and diving into real estate education.

Downtown is about 10-15 years in to a gentrification cycle and varies from block to block. 

Your new place should turn into your new business location as well. 

From our perspective now it seems misleading to advertise anything other than useable space without sharing insight into the calculation.

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road. 

I'm currently diving into some older BiggerPockets content from around 2015, specifically The Book on Rental Property Investing by Brandon Turner.

Many are eager to secure properties before the spring season fully kicks into gear.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further.