I do plan to live in the vacant side at least for a year, with a VA loan after a year I can take out a loan on another property.

I haven't looked into it because I never plan on buying there but thats what he said was enacted in the last year. 

My plan was to use the funds from this second mortgage as a down payment (20–25%) for the next investment property with a DSCR loan.Are there other approaches I should consider?

Lenders will allow parents to be a non-occupying co-borrower on a home your college student plans to live in.

It seems like what you are planning would be in their best interests so I would discuss it with them first and then make that the impetus to sign a new lease and up the rent.

or ways to reduce our expenses on mortgage every month. we both make about $105k each yearly. but with us planning to have kids in the future, she may stop working.Any advise is appreciated THANK YOU!!!

For example, if you're talking about areas south of Waynesville, plan for the entire process to run at least 2 years.

I think I will take both of these directives and try to find a happy medium.As far as photos and advertising, I'm going to make some tweaks to the ad, and I have many friends who are in film who could hook me up with some better photos, or at least the camera equipment I need to do it myself.I have a showing tomorrow, and in the meantime I'll work on a plan for my next move and will post an update as things progress.Thanks again! 

My plans would require the Village to rezone the property.

If that’s still a stretch, BRRRR properties in places like Rochester could be a solid backup plan.