For your personal household budgeting, just subtract living expenses by how much of the mortgage will be covered by the two units being rented.) 

New renter households were created at about a 7 to 1 ratio over multifamily supply created during the recession.  

An example would be a borrower who states they own no assets other than their home, autos and household items, but whose tax return shows rental income.

But having a steady income in your household not only pays the current bills, pays for benefits such as insurance, provides funds for the lifestyle, and any excess income provides your own pre-approved source of interest free capital, but it also makes it much easier to get banks to help you build wealth.

So VA is still a better deal.My favorite FTHB program, however, is actually VA friendly and I'm guessing that by virtue of being in the military your household income will be below the applicable income limit for the county you are buying in (local to me, the income limit is in the six figures...).

We happen to like mobile home parks based on the current household incomes in the US and the barrier to entry of building new MHP's.  

Plus, you've got horrible school ratings (2-4 out of 10) and so that's gonna keep more affluent buyers from moving into the area.The median household income for the area is about $31k per year, which is about $22k per year LESS than the rest of the county.

Interest is only charged on the current outstanding balance, so if it's $200k of HELOC that you rolled into fixed rate debt, and you pay that fixed rate mortgage down by $200k when that unexpected revenue comes in, that's still $200k less dollars you would be paying interest on (when you accelerate your amortization, a greater chunk goes to paying down principal -- household net worth).My $0.02.

But as long as the long term fundamentals are strong, ie in the case of Dallas, people are still moving to this city, and millennials will be forming households, I would think property values and rents would go up at a pace faster than inflation. 

From the data I have been seeing lately ,about 9% of US households have a net worth of 1 million (not including their primary residence).