With the double fence, remove the half on your side. 

(This fund is a tad unorganized and half the time they don't even know when an asset has sold or lost in a tax sale).  

However, my wife and I made a last minute decision on moving day to move into main level and rent out one of the rooms to family along with renting out mother-in-law suite.At the end of the day, we will be able to cut our living expenses in half through house hacking and putting me one step closer to my long term goal of quitting my job in the corporate world and pursuing a new career I am actually excited to wake up in the morning for.

What if you just pulled half of the equity out to fund a new venture?

Rental could easily pay half of mortgage.

I am looking for any advice if I am either on the right track or off by a mile. 

After the first year of paying for fuel oil to heat the building I switched to Natural gas and cut the heating bill in half.

Technically speaking this would be my secondary and I would be in it for a very short time (month to month and a half), but I do not want to go through the entire process only to have it fall through.

I saw someone else saying it just had to be at least half the year.

The interest will be more than half compared to HML, and they will be easily get approved.