Since yours is only water and heat I would recommend you charge 50% and lower the rent cost rather than factoring it into the rent price.

Construction loan through a hard money lender - where your purchase price and rehab budget are factored into the loan, this will give you the highest cash on cash return2.

Financial freedom goes beyond simply replacing your current income—it's about sustaining your lifestyle for life.

Factors like real estate trends, property taxes, and competition also play a role.

And the size of the duplex and bed/baths depends on the size of lot, location, and what we best feel would rent best and all the other factors. 

If you are willing to sacrifice part of your life style, you can always consider living one room/unit of the house and rent out the other vacant unit out to lower your monthly mortgage payments!

@Nishan Akwalia The most important factor is actually who the tax payer is for the property.

Several factors are changing in my life and I’m thinking of maybe paying down/off some loans but will have to weigh the difference between the prepayment penalty on the commercial ones.

I’ve been using the same VA service and haven't had any major issues so far, so I think it really varies depending on a lot of factors, like the market, your criteria, and how strong your buyer's list is.

When a husband and wife jointly own a residence, and the husband takes out a Home Equity Line of Credit (HELOC) in his name only, the spouse's involvement and liability can vary based on several factors, including state laws and the lender's requirements.1.