Strategic Location**: Situated along the Mobile Bay, Mobile serves as a vital port city, connecting the region to international trade routes.

My idea was to live upstairs, maybe rent 1 bdrm for $1250/mo (util included); and rent the downstairs for $1750-$1800/mo (all utilities included).

I am looking for some ideas as I have around 60k of passive income generated from Investment in Tresuries in addition to my w2 income.

It provides vacant homes, preforeclosures, loan balances, equities, tenant occ, and so much more...Any ideas/opinions?

My Aunt and I had a talk she is willing to sign land over to me if I get financing she said she will not finance a multi million dollar idea.

Good idea!

As you investigate your options in real estate, keep the following tips and ideas in mind:Determine Your Real Estate ObjectivesMake Use of Your Construction SkillsExamine Various ApproachesMaintain Your Mentorship LearningThink about short-term rentals and AirbnbCreate a Network and Look Into Local Real Estate MarketsSpread Out Your Investments Financial PlanningRemain FlexibleRemember, your hunger for learning and willingness to think outside the box are powerful assets in real estate.

Yep but maybe not a good idea from liability standpoint?

I like the idea of just doing a DSCR loan though like Michael suggested.Some other things to consider:Will the seller of the second property take a short term note for the balance of the purchase price after you eliminate the debt on it?

It may be a good idea to carefully consider your financial situation and long-term goals before making a decision.