Your best bet is to keep liquid cash and avoid PMI.

You second property will rip I bet.

Best bet would be a “partnership” with a monied individual looking for a high risk/high return passive investment with you providing the “active” part.  

agree .. other wise its just the bottom feeders looking to take his equity from him  with couching it as a rescue.. his best bet it to sell if its owner occ the profit is tax free .. regroup and start over.. 

I bet $1 this a bot. 

(in terms of pros and cons).You can also use rentals to provide additional borrowing power if your rental currently cashflows from a tax perspective.Hopefully that helps your scenario advance forward in terms of what to ask and think about.

Many insurance companies do not allow adding a landlord as additional insured.  

Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen. 

Duplex have different zoning that may permit additional units.

Quote from @Conte Cuttino: Makes sense @Andrew Freed so say if we I can make it additional legal space, do you think the 107K left in the property for the return is worth it or should I sale and move on?