Stay humble and work your tail off at your job so you can turn that 110K into 130, then 160, then 200 ASAP.

Get that interest income plus have them tie your deposit up and have them knock a percentage point off your loan.  

The earlier you start in your RE journey, the better off you will be in the future.

I would meet with 3 reputable contractors off of google

I would hold off on making any final decisions on the divorce until you can determine if you can assume the loan. 

Look up articles on BP about sourcing off market properties.  

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

For plans that will pay off later, get into house hacking, save money for a first payment, meet people in local real estate groups and find a mentor, and put money into things that earn without much work like stock index funds or ETFs.

Possible to break it off into its own or its wrapped into the mortgage ? 

I take some money off the rent.