If you earned $500 p?

Which i was able to get reduced 2k after purchase. 

@Gabriel BenavidezIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job. 

I made myself a promise about a year ago that I want to in the long run end up working for myself and since then have been looking for ways to earn and invest my money.

A family member is also a real estate agent and would provide me with the 3% commission on the purchase of the new properties, minimizing cash outflow on the new properties.So my high-level thoughts are, I could downsize and buy two properties, which would reduce my monthly living expense by 1) a smaller primary note and 2) income from the MF offsetting a portion of the primary note, and at the same time I would be able to pull the equity I have built up in my current home, plus my current cash on hand, to further invest after the dust settles.

That case also gave us a multifactor test to determine if a note is a security based on the motivation of buyer/seller, plan of distribution, reasonable expectations of the investing public, and other factors that reduce risk. 

Homeowners get a reduced rate for property when they live there.....when that house becomes a rental, that reduced rate goes away.

It also damages all real estate sectors by reducing the potential number of lenders (for example, the CMBS conduit market for mobile home parks and apartments disappeared altogether for a while after 2007).

It takes some grit but well worth the sacrificeWith your price range you're looking at I would assume you have a strong earning potential in your profession.

An additional benefit is that his income earned by any interest paid is taxed lower than capital gains.