I would analyze it to include the replacement rent once you guys move out because your true return of that property is providing you the utility of that rent (so if you lose $200/mo but would be paying $1,000/mo to rent elsewhere, it’s in fact a solid investment and you can ‘save that extra net +$800 towards increased principal pay down or save for another down payment.

They’re losing more and more rights every year.If they plan to use the property less than 2 weeks per year there are condo-tels. 

In my opinion, prices will be up a year from now, so in addition to spending $24,000 renting, you will lose out on a years worth of property appreciation when you sell.As far as renting to you, I would not.

I’ve already spent months working on a budget, searching the big box stores websites, online auction sites, etc. and have a pretty good idea of what my materials cost should be.

You can find plenty of examples on how to LOSE money doing a subject to on this forum.

I will set up on this site and check it daily.

This is really how the fashionable 1% lived in Pittsburgh's glory years, above both the world most technologically advanced steelmill down by the river and fifteen streets of squalid tenements for the workers marching up Homestead's hill from the train tracks.The trim of this duplex is all quartersawn shellacked white oak, plain foursquare work, obviously all shaped on-site by a master trim carpenter and his apprentices.

Here's an interesting article that states that just because Fed rates increase, mortgage rates will follow: https://www.forbes.com/sites/johnwake/2018/06/15/t...

Yes, for your scenario all of the half section and the house on site and all outbuildings could be exchanged in a 1031 for any other type of investment real estate.

Looking forward to interacting on the site!