This would be an easy decision however I do not think you can come close even with you being active in the process.  

You can make a real case for either decision, so - and I can't believe I'm saying this - do what feels good.

Additionally, take some time to drive around your neighborhood and gather information on recently sold properties within a mile radius.

I am looking to get a job doing this, but I am not sure what commission percentage I should ask for or if there is a regular commissions plan out there that everyone pays lead generators.Thank you for any information you can give me.Allan Guerra

Your contractor should provide you with a schedule, they should provide frequent updates, they should keep you informed on delays.

It clouds your better judgment and leads to bad decisions.

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.

Now the decision between option 2 or 3 depends on a few variables.

I'd hate for the BP admin (@Jonathan Greene) to lock your account as you may have valuable information to share with novice investors...this just isn't the right place to do it.Now, @Mario Morales, what price range are you targeting for the new property? 

I guess I can get that information from Zillow.