There are things that need to be done that we simply can't do with them living there. 

My plan is to live in it for 1-2 years while house hacking one of the bedrooms.

The way I saw real estate at the time was, saving money, buying a multi family, live there with tenant who help pay for my house.

I proposed to put down 20% (50/50) on a house where we can live together and invest the rest on other properties since she said she does not want to live in a house that is only mine...I won't ask why.

Greetings BP folks,My wife and I are negotiating a deal in our area for a home that has a tax lien from the city and county.We have been working with the seller for quite some time and were offered the opportunity to purchase the home at a great price, we also have agreed to pay off the tax lien in addition to the purchase price. 

Renting out a room, pet sitting, freelance gigs, and exploring opportunities in real estate wholesaling are all good suggestions for generating additional income.

That's a huge thing you are giving up (and maybe worth the additional price of 315k over 260k to you).

These expenditures are capitalized, meaning they are added to the property's basis and depreciated over time.Examples of Capital ExpendituresBuilding Additions: Adding a new room, deck, or other structural improvements.Major Renovations: Remodeling a kitchen or bathroom, replacing the roof, or significant electrical and plumbing upgrades.Appliance Replacement: Installing new HVAC systems, water heaters, or other major appliances.Structural Repairs: Replacing the foundation or significant repairs to the building’s structure.Labor CostsLabor Costs: The costs paid to contractors, electricians, plumbers, carpenters, and other professionals involved in the renovation are part of capital expenditures.Example of Capital Expenditures with LaborSuppose you renovate a rental property, including a new kitchen and bathroom.Materials: $15,000Labor Costs: $10,000Total Capital Expenditure: $25,000This $25,000 would be capitalized and added to the property's basis.

Would love to answer any additional questions you might have.

In addition, many townhomes have a splash pool and all of the communities have a clubhouse with resort style pools and many have lazy rivers in addition to the homes having pools.