You should find out what percentage of the rent is being paid by S8 and by the tenant.Tenants have to sign the rent increase and some won't because they don't want their payment portion increasing.It's also highly unlikely a S8 office will approve the huge increase from $797 to $1300.- BTW: the $1300 includes all utilities being paid by the landlord.

Equity earns 0% interest (inflation will destroy your purchasing power) your real estate investment will Appreciate or Crash regardless of how much down payment you put on your home.

It will give you a lower interest rate on both properties because you bought them as owner occupants, and it will require less down payment to get into. 

I do direct booking through the Houfy website, taking credit card payment by Square. 

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.

I have a 700+ credit and willing to make 25% down payment.

.❌ Emotional Stress – Handling tenant issues (especially late payments or evictions) can be stressful, especially if you live in the same building.Hiring a Property Manager in ChicagoPros of Hiring a Property Manager✅ Less Stress & Time Commitment – A property manager handles everything from finding tenants to collecting rent and coordinating repairs.

For example, the buyer, if they find problems with the property or stop making payments, can blow up the seller's credit.

If you sell, you could access the equity you’ve built and put it toward other investments or save for a future down payment.

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment.