The house includes high-end upgrades such as custom cabinetry, granite countertops and energy efficient appliances.

My mortgage should be about $2,100 after I get PMI eliminated and I was going to rent it to a friend that I have known since high school for $2,000 a month.

I have done this before and now find the risk just to high.  

The most common reason for a high water bill is a toilet that constantly runs or flushes.

I was just telling my friend today that I'm getting multi-family, high performance, and relationship mentoring all in one package! 

This influx of high-paying jobs (averaging $60 per hour) is expected to draw a significant number of professionals to the area, boosting demand for housing and various services.

If you have a high 7 rate then it might be beneficial in the long run to pay it down if you don't want to put it in a 4% savings account or CD.  

Direct booking website, highly attentive to guests needs and experiences and consistently enhance the property during ownership.

I mean I highly doubt( but sure there will be other who say otherwise just because) you will find a very good investment property listed on MLS or other publically available service.On a side note if I did have aprroximatley 400k equity in two of my homes could I use any of that to invest in another property?

All the best, Steven  If you're going to do a partnership or even a joint venture agreement I would highly suggest using a competent lawyer to draft your business agreement.