Especially when it comes to the permit side of things.My initial plan is to ask as many questions as possible and to search for information so that I'm at least somewhat on the lookout for some of these snags. 

I would love to put my mom into a nicer home in a nicer area would a 1031 exchange make that possible?

Putting less down may subsequently put you in a break-even scenario or possibly even a negative cash flow.

You could bring less down and possibly have a lower interest rate since you will be living there.

@Ricardo Lemus Most investors try to get the longest term on their mortgage that is possible, usually 30 years for most.

possible big upside for the current SAFE agreement holders.Brentwood.com is a current investor in Lazy Dogs LLC and wants to take it public in a few years. options usually are good for 10 years and at a current Valuation IPOs can go !

We already have a few mid-term booking requests so just as I thought, my vision of what's possible is coming to reality. 

Our daughter lives three block from there and we thought eventually she possibly could move in there.

Yes possibly!

*Soon after, I will be moving to the South, where I will purchase a relatively moderate-priced home (less than $350,000), likely a single-family, possibly a duplex.~ I will most likely purchase the first home (multi-family) using a bridge-DSCR loan combo or a FHA203K (3.5-20% down).