That is the one thing that will take what you learn here, on podcast, and in books to the next level.

I’m also considering advising my tenant to look into Section 8 assistance, as it could help support their financial situation while allowing me to adjust the rent closer to market levels.

In addition, committing ~ $200K requires some level of sophistication on the part of the investor and you are more likely to find someone to agree to your terms in smaller transaction sizes, but even that will be difficult. 

This has affected me on an emotional level far deeper than it has economically. 

Fannie/Freddie both allow up to 90% financing. https://singlefamily.fanniemae.com/media/20786/displayHOWEVER, the  loan level pricing adjustments are HUGE on these loans: So, the rate and costs will be very high. 

One kitchen is for a subletter that occupies one level of a duplex. 

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Ultimately, it’s about the level of involvement and risk tolerance you’re comfortable with.

The tenants are currently in court with a title dispute so the house would have to be paid for cash only.I would like to convert it to a primary residence and turn the garden level into a separate two bedroom apartment for use as an in law suite.

Congratulations on earning your broker license and taking your real estate journey to the next level!