My wife wants to pay down debt first then consider buying a second home, especially with a baby on the way.

Your participation in the activity for the tax year constitutes substantially all of the participation in such activity of all individuals (including individuals who are not owners of interests in the activity) for such year.2.

Outdoor space, including parking, living areas, and potential expansion, can enhance the property's appeal.Location should be considered, as properties closer to tourist attractions may command higher rental rates but may also come with higher purchase prices.

You're talking needing plans, architect drawings, engineering study, a zillion permits and inspections.I just don't see a lender lending on this kind of deal without that person having major experience that includes some ground up or extensive rehab work.If you wanna "break in" to the financing world, it is not impossible at all. 

How much are the average closing costs (including agent service fee, closing fee, premium etc.)?

That doesn't include land cost which could be anywhere from 60K to 120K.

I haven't done a down payment since 2015 and have 9 doors including my personal residence. 

They can leverage their network and expertise to find potential deals, including off-market properties.It's crucial to think about the downsides of gap funding and explore other ways to build savings.

This included structural support and waterproofing. 

i once heard on a podcast about this, that the guy even included 'how to know if your lightbulb blew out and how to replace it.' it's not common sense to many kids who lived at home up until then. this will reduce headaches for you. how to know if a toilet is clogged and how to unclog it, what to do when smoke detectors go off from cooking...