You're depending on one person's opinion of the value of your property.

And what does your lease say about storing personal property in public spaces?

I was selling my personal home.

I was selling my personal home.

Your accountant/cpa will be the best person for to advise  

My personal opinion of values is that if you're looking to get a predictable return on investment that you would be better off buying a legal duplex.

Have a calculator that shows this as well.What is boils down to 99% of the time is #3 and that persons ego / fear of giving someone else $.

My personal investment philosophy would avoid leveraging my primary residence unless I had plenty of reserves to ensure I would be covered in that kind of situation.

It's allowed me to do some of my own work like changing toilets and fixing leaking ceilings, but even if I don't want to do a job personally hopefully I'll have enough knowledge to not let a contractor over charge me, or recommend something I don't need.You'll also meet local contractors, and hopefully investors.They may offer an employee discount too.

Personally, I am not a Detroit guy, just pointing out actual facts.