Wondering if I should even do it myself or hire a lawyer to set this up for me to the tune of $3000 includes titles etc OTD. 

This will clarify and reinforce what you are reading.

This way you get the chance for appreciation as well! 

Is this considered a HELOC? 

I will look into these elements for this property to get a better understanding of what my options are.

Quote from @Jaycee Greene: @Basit Siddiqi Just sent you a DMI read your message but I am not sure it is what I am looking for.It appears that are a mortgage broker and help investors get financing (correct me if I am wrong)I own a lot of properties free and clear. 

This is a nation wide issue but just want to make sure you realize.

This would be taxed at High Personal income tax rate.

This helps you stand out from the typical lowball inquiries the agent may have received.After the walkthrough, if you’re ready to move forward, explain your reasoning.

Connecting with local GC groups in your area will help you connect with subcontractors, find out tips and tricks of the trade in your local area (since all areas and their real estate differ slightly).Also, have you considered the motivation behind building a brand-new duplex versus finding one on the market?