Run the numbers as if it was a long term rental as well in case you want to change it down the road.

I know there is a lot of potential downsides, but I could see how it might make sense if you have the funds to support the higher monthly payments down the road.

This may give you the breathing room and runway to engage in renovations that would increase rents and the value of the property down the road.

Across a minor road, sits a 24k industrial building that is built on entire lot (grandfathered).

I am just "down the road" in VA Beach.

The numbers check out and meet our criteria, the only draw back I have found so far is it is located on a busier road that has a double yellow line.

Bought at auction for $675k; will invest around $200k into roads, 4 pond dams, and development costs. 

Maybe down the road!

If you rent your existing primary, walk me through the numbers of what that costs you when you want to sell that primary down the road since you now sacrifice the benefit of 100 percent tax free gain on that primary (up to 250K) since it now will be a rental. 

Luckily we have a cleaner right on our road and just walks over to take care of it.