Renting could allow you to focus on paying down debt and saving for a larger down payment, while buying now could help you start building equity or even generate passive income through house hacking.

The combination of generating extra green cash with a biz and then investing in real estate for long term weath is the way to do it.

The report is as good as the answers you provide to their questions.The risk is that you answer a question incorrectly which generates an incorrect report.I would have a discussion with your CPA to determine what the land basis is(required to start the cost segregation).I would also have your home inspection / appraisal on hand to answer the questions more thoroughly. 

I'd also advise out of state since you can certainly generate better cash flow too. 

Currently still favor the house rental for MTR and long term strategy in ABQ, but I don't think you generate any solid cash flow unless you can get a turnkey 2BR for under $250K.

I prioritize appreciation, tax benefits (rental property expenses, depreciation), ability to use leverage, and passing on generational wealth with real estate. 

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

A friend of my wife’s brother in Maui has a 5th generation cork and cattle farm near Gibraltar, Spain.  

You're running a business and businesses choose what payment methods are acceptable to them - not the customer. 

Issue:  computer-generated random phone numbers for outgoing calls.