Planning on renting the current residence home to group home in Minnesota as we move into a new home.

I've never had something that low, but I'm also looking at roughly $30k in equity on this property. 

Many will promise high Loan to Costs and low, low down payments, but think about the Interest Rates and what you are comfortable with when it comes to giving up equity in a deal in order to do more deals. 

If it's an owner occupied loan, the underwriter will need to verify this is your primary residence.

Again, if your $250k is true, and includes all the electrical upgrades, new plumbing runs, potentially new foundation pour (since I assume the existing garage slab is not capable of supporting a new two story house), I am guessing since I don't know the market, but assume you will have a lot of equity by completing the project.

Then generally the best advice is to buy in the best area that you can afford, even if the cash flow isn’t as good in year one you will get more market appreciation in equity and rent growth in the better area.

Investment Info:Single-family residence buy & hold investment.

A couple years ago, a Costco delivery man came to my primary residence and my dog bit him. 

Me and my wife have decided to sell our first duplex deal after 4 years of holding it we have built over 250k of equity wow ! 

I guess I could do some work-arounds -- maybe reserve one unit in the first purchase for use as an AirBnb, and reserve my own time in it when needed - instead of claiming it as a primary.Are either of you (or anyone) familiar with a finance product/loan that will allow me to purchase under $150,000 (w/ strong credit) and do much of my own work and live-in a portion as a primary residence?