There is no one single way to invest in real estate and networking with many different investors may give you additional ideas for achieving your goals.

However, the only thing you have left out of your post is if you are sure you have the extra capacity (with respect to amps) in your panel to run an additional 33+ amps. 

I have an addition I’m having done in my personal residence by one of the best contractors around and he’s on month ten now and still not done .

Thanks for the additional info.

Additionally, reaching out and starting relationships with lenders now will help you identify what information you may not have realized you would need to get funding, (a lot of lenders do not lend to individuals, only corporations, like an LLC).

Additionally expecting an agent to do all of the above for a small purchase price like 50k or 75k is unrealistic for most.Big thing I never see mentioned on here is make sure the broker or agent is QUALIFYING YOU to take on as a client just as much or more as you are qualifying them.

You can require that they name both the owner and yourself as Additional Insureds. 

Do you need the additional funds from the proceeds of the property to purchase your next home?

Capital gains must be used to get any tax-benefits.I am working with OZ's pretty closely with the firm I am at, if you have additional questions feel free to reach out.

There is an additional 1000sqft of basement space a 700 of which is already finished but outdated.