But that’s why I’m here and studying, to figure out what I can do to get the ball rolling.

Figure 10%.

Just trying to figure this out.

(I know I can ask an electrician/HVAC professional but I figured I could get some friendly advice here first).  

From the people Ive talked to and stuff I've read, it seems like option 2 is the better route, but I just can't figure out how.

It might be a good exercise to figure out how to pull out some equity vs selling it to re-invest in a different property that could be more passive income without all of the hassles.

I decided to take action and D4Ds, came across a FSBO close to me and contacted the seller, I'm now in the midst of preparing my offer and was trying to figure out the ARV but there aren't any comps in the area.

Originally posted by @Brian Garlington:@Chao Liu   Unless the rules changed in the last year then it is my understanding that the FHA is quite clear on this....You can not have a loan on a property (literally and figuratively) within 100 miles if you are going the FHA route.     

Duke just figures "hey, it's a business, let's charge them triple because we are a monopoly and we can."

I can clean up my figures and put together a better proposal.