I'm at point where I have an opportunity to purchase the other half of a Willed SFH from my sister at a fairly low acquisition price (about 150k).My contemplation has been the loss of DGI earnings (although I'd only be pulling out about 50% of my current stock portfolio and not touching any of my 401k).

There was a recent post here about a guy complaining about how much his property manager charges to send a letter, $45, 20-some posters chimed in that it was crazy and a rip-off, and then finally one of the most experienced property managers here explained that the price charged really involved personally sending certified mail from the post office, actually scheduling a trip involving the inevitable waiting period for getting it done, tracking the return receipt, logging all the information for use later in court if necessary.

I am also in the final prelaunch stages of a new cleaning product line for the home that is green, safe and eco-friendly.With all of that said, this is how I currently generate cash flow, but would like to grow into REI so that I can (one day) focus on developing more products and platforms to aid others in their lives and spend time with family.

That looks like 2 separate SFRs on the same lot to me, but i had a little trouble opening a couple of the photos.You should make sure that its zoned and permitted appropriately.It wouldn't be considered multifamily in my area, I believe.Your lender would have final say on the financing choices I'd think. 

A new policy has been implemented so my attorney and the bank has made it clear that the next thing before funding can be fully carried out is to have the loan insured in your name, the reason for the loan insurance is to protect you against any future lapses or default from your end to make repayment on time, the loan insurance policy need to be obtained in order to get funds across to you and the fee to have the loan insured is $3000 and the process will be completed before 24 hours.You need to make this payment today so we can finalize the loan later today.I await your response ASAP so we can proceed with the loan transaction.Note: The insurance fee is 100% refunded at the point of funding and you are expected to receive the insurance fee to be added to the loan amount at the point of funding (a total sum of $178,000.00 as against $175,000.00."

Water, Electricity, LLC formed, Title work, Insurance, final walk through at 5 today ect.

The acquisition cost of the building is $650,000.00 and we are looking at a renovation budget of $1,270,000.00 based on what needs to be done to the building.

The acquisition cost of a 2 BR is much lower which makes the ROI as good if not better than that of a 3 BR.  

@Joseph Garner yeah I finally got some info from a broker today , it’s currently renting for $2495 gross a month One unit is vacant that would bring it up $3250 .

This is your chance to renegotiate based on inspection findings. 2 week before closing : schedule final utility readings, title search should be performed, and you should get homeowners insurance squared away. 1 week before closing - financing commitment if you’re getting a loan or mortgage. 24 hours before closing do a final walkthrough of the property.