Hello, I own a rental house on a large lot and I'm planning to divide the lot to build a duplex for renting out.

@Manuel A Zuaznabarcan you start with a house hack

Quote from @Aaron Hartman: I am a small business owner who has been involved with multiple syndicates in the past.

Yes, sharing our actual costs,  we need more housing but also letting people get past some of the big unknowns.   

If none of the above work, would it be so bad to sell the house? 

There are hospitals in my area but I'm having a hard time finding out if there is a need for traveling healthcare worker housing. 

The reason I pulled back from my marketing to owners of these asset types, was when I began hearing that they were getting anywhere from 3-10 offers per week from would-be investors.. and that was in 2017.

Purchase price: $505,000 Cash invested: $55,000 Sold our first condo and used the equity as down payment and for a couple upgrades on this this single family primary residence / house hack.

However, water stays with the house- meaning if the tenant's have a balance when they move out, they can open a new account somewhere else with no problem and the owner is stuck paying the bill or getting a lien filed against the property. 

They typically do not add value to the house, so when the buyers are looking at comparables, none of them sit there and say...well every other house sold for $200,000, but my gosh this one has solar panels....let's pay $240,000 for this one.Maybe one day, maybe someplace, but NOT today in NJ I expect.Only way I would even look at solar panels is if it is for your forever house, and you have enough land to install them on the ground, not on the roof....so maybe if you have 1-5 acres or more.