We are the Masters of our fate andCaptains of our soul. 

I do not have the cash for a down payment of $97000, so I was thinking of going with the Master Lease Option. 

Although I am only lightly experienced in REI and have only a coup years under my belt, I would love to connect and see where I could potentially fit in your master plan.

You'll want to know stats on the inventory, price points, and the comps (to the point where you know the price, bedroom count, and size but have also been inside and evaluated the finishes and floor plan) as well as the local points of interest that affect property values (proximity to public transit and local amenities, district lines for the better schools, etc.).You can certainly succeed by having your hands in a few different markets, but it starts with mastering one.

I think you are confusing the term umbrella with a reporting form master policy property policy. 

I thought about possibly offering master lease.

If you find an older 3 bd 2ba house with an office, and can tear down a walls and remodel into a 3bd 2ba with a swanky master suite, you might be able to force your value up 20% as well as have a more desirable property... this will take more money up front than the 20%, unless you have big credit cards and are willing to use them.... keep in mind, refinancing with a bank can take months.I hope these thoughts help

A dining area will separate the kitchen from the living space, think sectional with TV. ( I have rough blueprints with room layouts etc. that I will post later.)The 2nd floor will feature a master bedroom with nearly 12 foot ceilings, a huge walk-in closet, washer/dryer, and an office/nursery.Finally, the 3rd floor will have 2 very comfortable size bedrooms that share a bathroom with double sink. 

As a smart fellow once said, no one can serve two masters and make both happy.

This had been a laundry room off of the master bedroom, looked like it may have been a porch when the house was originally constructed around 1910.