[Once the world says "peace, peace", won't banks (suspiciously) find reasons to increase rates?] 

Peace yall, My name is Michael Hansell, I'm a new real estate investor in Tallahassee Florida area and by new investor I mean I've been analyzing deals for the past 2 months, listening to the bigger pockets podcast for the past year and will try to get a property within the next couple of months! 

Not a lot to spend for some peace of mind on a project.

With another child coming, I think you will appreciate having the peace of mind that you are not leveraged to the hilt and still have a larger, more comfortable place to live.

If we are looking at a house for both of us strictly, we need to look at a different price point (more around 180k range) and than consider the next 1-2 years to save for a down-payment on an investment strictly.My question to this group: What are some pros and cons that you think about when determining - peace of mind living in your space vs. looking at the space as income-generating/business mainly?

Some landlords go the cash for keys route; its an option, but I've never had to give up that much to get a non-performing tenant to move-out peacefully. 

Consider it an investment in your investment that will pay huge dividends in peace of mind.Best of luck!

Call his sign, see if you guys can reach some kind of peace treaty, or at worst an armistice. 

I suppose the holding cost would now be $17,820 instead on 12 months (this is money I need to budget for for my own peace of mind, correct?).

You are optimizing for peace of mind as much as returns i.e. balance.