I'm just looking at less stressful optiosn due to the rushed nature of things.Thanks again.

7c ) Can I split the acquisition cost and therefore reduce or eliminate any risks to my personal net worth?

I cannot stress enough the importance of targeting the right tenant pool.PropertyOnly buy properties that your tenant pool is willing and able to rent.

Stress test it with various interest rate scenarios: just to use round #s if you pay down 75K in five years  what does your new loan look like at 4%/6%/8% etc.

The object of the game is to reduce/eliminate your cost as low as possible while maintaining positive CF, and let your tenant pay for the rest from the rent. 

If you can qualify comfortably and are willing to take the risk, then jump.Another option is to get into contract to purchase the new house, close and then sell the existing one which mitigates (reduces) the risk of owning two properties in a market that may decrease in value.

House hacking = anything that reduces the cost of living in your principal residence.

This also greatly reduces the tenant “shock” since a small increase every year is much less than a big lump sum increase every 3-5 years.I try to keep my rents a little lower than market rate so it is easier to find tenants.Another way to soften the blow is to print a recent article on rent increases in your area.

@Tom Degroodt we did this and it wasn't as stressful as it seems.  

It's our full time job and I know it's not as "efficient" as it could be but it's very stress free only dealing with ourselves and no one else.