It's currently making roughly $77,300 in gross income for 2023 number with an uncompleted dirt backyard, if I add a nicer backyard with jacuzzi and more backyard activities It could potentially increase the rental income.One way to structure this deal better for use as a vacation home is to negotiate a longer balloon payment period with the owner.

Not sure about where you're looking, but anywhere in Colorado here, if the home is zoned single-family then you can rent that separate space I'm talking about as long as you live there, but as soon as you move out, you can only rent the whole home as one unit.The trick then is to find a SFH with a potential separate entrance to the basement that is zoned multi-unit.

Your response will then dictate potential methods to transfer wealth.  

You want to invest just to have a place to live and potentially offsetting your mortgage payment by renting out the vacated rooms or having x amount of cashflow in the future?

It also really helps to have an experienced VA lender on your team like @Zack Karp who can help you avoid & navigate potential problems.

By potentially halving heating costs for tenants, I anticipate fostering more extended tenancy periods, thus reducing turnover rates and driving up ROI.Drawing upon the expertise of renowned professionals like Michael Maines, Emily Mottram, Joe Lstiburek, and Allison A.

Value of home and potential Value added by this project . anything else you have questions about! 

Billboards are new animal to us & their potential is a gray area to me. 

It is potentially possible that a scenario would not get automated approval through Fannie's automated system call Desktop Underwriter (DU/DO) at 75% but would at 70% but again if that was the case it should be explained that way.  

You want to have a discussion whether the property is considered 'active' or 'passive'If it is active, you can potentially accelerate the losses to offset your other forms of income.