My ultimate goal, as I'm sure is many other's, is financial freedom through passive income.

I don't want to say too much on public forum but, MN is high income state, which makes for some of highest median incomes in US, which makes for some of the highest paying sec8 in country..... 

There is a lot of cash flow that will come to me immediately after purchase from all the current renters in the building, boosting my income and will be more than enough to cover the mortgage and expenses. 

Only considering because we could sell both tax-free being primaries 2 of last 5 years, and expenses are going up on both, and we may be able to get better returns elsewhere.

HI Blake,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

However, with this potential for monthly loss, even though it is a minor dent to my income, I am wondering if I made the right decision.

@Caleb Brake I have investments in Lewisville and it is true that Lewisville and surrounding don't have any 2,3,4plex.This is not to say that there isn't any but it has turn out that the duplex available are been sold individually as residential and not income because the sale price is higher that way.SFH with a down of 40% / 50% in Lewisville will give you a good return.

I've seen some beautiful outdoor paths & patios done this way etc, fill in the gaps with sand or concrete.You might also donate it to a habitat for humanity store (call and ask if they'll take it first) where they might get it in front of the right set of eyes. they might give you a tax donation receipt?

@Conrad Meier, this is not uncommon with a tax sale property. 

Helocs must also be calculated in underwriting based on fully exhausted payment meaning even if you only use a portion during the next purchase they underwriter will hit you with the full payment for risk.Cash out on the other hand is a liquid reserve tax free and it only requires (1) mortgage/lien.