I THINK this property will appreciate significantly with what is going on in the neighborhood, but even if it doesn't, I'm confident I can have it rented or sell with a low chance the value dipping below what I paid.I'm not trying to aggressively expand right now...

My husband are new to the game and have an opportunity to buy a neighbors house at a low cost.

I do think we can convert the top to a 3-1 for relatively low cost and charge more for it. 

You go too low and people begin to wonder “what’s wrong with the house?”

In the near future I will be using an FHA loan with a low down payment to purchase my first investment.

That mortgage has to be pretty low right now. 

In addition, we can lock a rate while they are still low for a very long time.My question: HELOC or mortgage?

Inventory is still at an all-time low, and we've basically accepted that as the new normal for the past few years - especially due to the fact that there is practically no development in the SFH arena - only for new apartments/condos - and those can barely keep up with the demand. 

On a different topic, I was sad this AM when at Lowe's, they didn't have seed one for winter gardens. 

Keep in mind I am looking for a low cost broker (no desk fee, monthly fee) given that this will not be my full time job.