“In particular, this sends a strong market signal that we are seeking to revitalize this area.”A revitalized communitySmith said within the 288-acre zone, the city will be able to put an enhanced focus on housing rehabilitation, code enforcement, and structural and environmental assessments, while also offering more construction incentives and potential façade grants to help remove blight.

However, this house is in a great neighborhood, on a great piece of property that suits our lifestyle, we think it has great flip opportunity AND would make a great house for us for the next few years.

For this type of "investment", you can't look at the numbers because this is more of a lifestyle investment than a financial investment.

home: I would plan to live in one unit, rent the other unit to a tenant along with a large garage included with the property, for $1250-$1600 combined-Finance the home ending up with an eventual mortgage payment (w/taxes & insurance) of roughly $1500/month-At minimum, have a margin of $100-$350, at the same time eliminate the cost of $750 of my current mortgage payment, so in reality to my lifestyle it would be +$850-$1200/month extra income.

My advice, find the right kind of "small bank" that is progressive and has the technology (Mobile deposit, enhanced online banking) that you would never need to set foot in the bank.  

Many Amish also recieve subdivided land from their parent's estate, and these smaller parcels are not enough to support traditional Amish lifestyles.

Go with the better return in the end or what fits your lifestyle instead of taking advice from such an anti HOA absolutist.

Then I looked to invest to make enough to cover my lifestyle... roughly another $60-$80K per year, for a family of 5 to live comfortably.That is the magical power of I/O.

It's about maintaining your current lifestyle for as long as you live.

It's about maintaining your current lifestyle for as long as you live.