If the contractor isn't helping you make good decisions, maybe get a local investor wh is savy to technical issues of rehabbing to help you.

How can you make an informed decision in agreeing to that clause if they refuse to tell you how much they make? 

You have a high end 2 bedroom and although it is nice it is lacking a wow factor that would sway a decision to pay 4k in rent.Inflation is killing you.  

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I would personally rent if it is temporary so you don't mix a personal and investment decisions.

I also realize I've been incredibly spoiled in the past to have gotten interest rates as low as I have.Obviously I signed up for this mortgage at this interest rate, so I have to accept it for what it is at least for now, but I'm trying to look at all options and make the best financial decision. 

I live in Illinois, if that factors into any decision on what my initial strategy should be. 

Normally, I would emphasize the significance of seeing a property before making any decisions, but this particular circumstance appeared promising... at first.You see, we had both vacant and down units ready for our visit.

The root need comes because I need to bring my mom closer to me and Im looking for a way to make this a positive financial decision as well.

I say “currently” because there is a bill passing through the legislature even as we speak to remove that requirement for 3-4 unit properties, so patience might be rewarded.And just make sure the zoning allows 3-families before you make a decision based on that potential.