Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

We live right over the apartment.

What a world we live in.

That way, her limited funds can go toward her own living expenses. 

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

And you probably need money for living expenses.

You should have, or you should create an amortization table that shows the actual interest paid on the $650k mortgage for the first 6 months while you lived there.

The couple who lived right next door to our development have an old home that they rent out- it's about 1000sf on half an acre. 

What about while I live there I wanted to rent out the other unit or units, is this allowed under USDA?

I have a 401k, IRA, and pension in place to help me achieve retirement quicker, however I definitely feel the squeeze on a daily basis and always feel like I'm living paycheck to paycheck.