I guess it comes down to whether or not I can save for both - down payment and costs for my personal residence as well as an investment property.

Hi Zack,Are you looking for a paid mentorship program or someone to mentor you for free?

Feel free to PM me if you need a recommendation.

The good news would be that expanding to a bigger holding tank is not as costly as replacing a whole spectic system (especially a mound system).

What are some realistic numbers on upfront $$, creative financing, carrying costs, etc?

Do you now how to market the property, screen applicants, enforce a contract, conduct inspections, coordinate and supervise maintenance, etc?

Even though WE are NOT originating a loan here; it would be the EX-Husband who would be "originating" the Loan (by taking back the Deed of Trust and Note) in order to SELL his 50% interest in the house, the TIE IN is with our BUYING or INVESTING in the purchase of the DOT and Note to generate CASH to him, and CASH OUT to Her is wherethis becomes a "Gray Area" of whether it violates any of the CFPB Consumer Financial Protection Bureaus requirements and could be re-characterized as a high cost LOAN IN DISGUISE ALTERNATIVE THINKING We are thinking a better way to go here IF the EX-Wife agrees; it to SELL the house NOW, pay off the EX- Husband and enter into a 3 year LEASEBACK with the buyer of the home. 

So if you ever moved that portion of your otherwise tax free primwry home sale would now become taxable.

Multi-family without separate meters may need more unique billing arrangements such as passing the costs through to each tenant on a square footage basis.As far as insurance, landlord will have to maintain their own insurance per mortgage requirements.

Louis:Lower Entry Costs: Compared to NJ, property prices in St.