Take it for what it's worth. 

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

Quote from @Paul Lucenti: Creative methods tend to increase risk.

I'm assuming the House is worth roughly $400k.Goals1.

Any underrated markets worth exploring?

I don't find even this split worth my time, even as a listing, on my last rental listing I was stood up well over a dozen times last minute!

If you pay off a property or owe more than it’s worth, you can still owe or not owe capital gains tax.

Because little Johnny's Mommy wasn't too pleased when showed what the "nice kid with a backpack" gave him for selling him his "toy" and found out it was worth a whole lot more than a "handful of jelly beans".... 

At the very least, it might be worth exploring partnerships that align with your goals.

That being said, I have no idea what the land by the airport is worth or what they will be able to do with it.