Sounds like you want to bring them in as a partner instead of simply an "investor / lender".You need to think through the transaction and know who is going to play what role during the full investment duration.

I will also be taking out a useless closet and possibly taking out a wall to the pantry and laundry room and extending the kitchen, and moving the laundry downstairs.

Also want to extend a huge congrats to you on your Florida purchase!

They also want you to live in at least one of the units for the duration of the time NACA is the mortgage lender. 

Hi @Charles Large,I think the model that you're describing is actually really good, especially if you combine it with the property being furnished and available for mid-term leases (3-11 months).You can take a look at how these guys do it: https://www.theblueground.com/They provide an all-inclusive rate, but:* the rate is variable depending on the duration (longer = cheaper)* they charge an additional $300/mo for all utilities.Another business model is this: https://www.common.com/Similar to the above, but it's actually rented on a per-bedroom basis, which allows them to further maximize the profitabilty of each unit.All of this depends on the market you're in and the demographic you're catering to, but I hope this was helpful as examples!

What duration do you offer these for lease for? 

This plan started on March 18, 2020, and it extends at least through December 31, 2020.

Obviously this is assuming the government doesn't extend the eviction moratorium past Jan 01, 2021. 

You can buy a lot more properties with 30 year loans than with 15 year loans -- and with rates so low there's very little cost to extend to 30 years.

@Steven Wilson already have a HELOC on my primary (which I used to by a second property)... trying to see if I can get the limit extended on the primary, or if I can get a HELOC or cash-out refi on the investment property that I purchased.