Our combined income is just under 200K and we might be able to buy the commercial space with cash rather than a loan.

We were due for our first child in June and figured we might as well just complete the purchase since we needed a larger space (we were renting a 600 SQ ft basement suite from our friends mom and dad) and we figured the rental in this future home would help hedge any risk with making payments in the future.The property was listed for $275k, we offered $280k and asked for new electrical panel and all closing costs to be covered by the sellers after inspection.

So it’s small and the layout doesn’t offer up the most functionality for the livable space.

But they have their own living room, kitchen, bathroom, bedroom, office - it's a completely separate space in practice.

And takes up less space than (4) 90 gal bins.

My cost of living would go up about $500/month from where I live now but I’d be able to rent out my current space for an increased cash flow of $700/month for a net gain of $200/month.

We allow pets which is also extremely desirable in this area as well as tons of yard space on the 0.42 acre lot and 1 block over from an elementary and middle school.

Most renters just want a clean, livable, and nice-looking space to call home. 

Can this property be duplex or commercial space?

Scenario: You are working on a deal with a major credit Grocery Tenant on a space that has been vacant for 4 years now.