I cannot see the HOA, Ins & utilities adding up to 900 a mo combined, but am waiting on this info as we speak.

If I'm reading that correctly they have combined 65K+ of PAST DUE debt?  

There is always risk associated with a rental property but since you will be living in one side and renting the other the potential increase in cost would be whatever your combined mortgages are minus what you have been paying for your current place.We did a similar deal in Kansas.

It sounds like you have worked with people, so you could probably manage the tenant issues as well.If being a landlord is not your goals, your background may make you well suited for a live-in flip, where you buy a fixxer-upper property and make the improvements while you live there (forced appreciation); then after a couple years, you can take advantage of the tax free sale.Both of those strategies combine with something you may be looking at and need anyway--a place to live of your own.

Some combination of ARM, higher rate, and points upfront, will apply.All of this should have been brought to your attention back when you were seeking preapproval, this is commodity/common knowledge among lenders. 

So my take away seems to be that the two main options for protecting assets are a combination of Land Trusts and LLC's.Thanks @Brandon Diaz for the suggested reads.

If you are under age 59 1/2, then there is a 10% penalty as well.A self-directed IRA functions just like any other IRA as far as interactions with you; contributions, distributions, timelines, beneficiaries, etc.  

Yea it's about a block away from northboro elementary. 33407 is the zip code about two or more blocks east it's a spotty area but the block that it's on and east from it has a combination of 400k+ houses and multifamily properties.

Assuming I put in the hundreds of hours required to master this niche, what are my odds of seeing 15%, 20%, or even 30% annual returns in, say, NPN 1sts or NPN 1sts in combination with performing?  

I love the colors, the functions, and the easy navigation it provides.