Therefore trying to get a bit creative with the financing.Positive cash flow will almost be impossible (as I'll have to probably take one bed away, and then build a bath and a kitchen) in what I've been finding, so Im trying to offset the mortgage as much as possible.Long term, ideally I get to keep it and the 2nd unit adds to the cash flow if I ever dont need it anymore. 

House hacking strategies include living in one unit, renting out the others, renting out rooms, and mid-term rentals.

We got the property off market at a great price and decided that the location and future opportunity outweighs the benefits of a quick resale.

I have a long-term rental in STN MTN (Stone Mountain) GA, and have a one year lease with a section 8 tenant and content with the cash flow, however, I can make more if the basement gets converted to a separate unit.

This will give you several benefits.

Our combined expertise and strategic approach enabled us to negotiate favorable terms, ensuring a successful fix-and-flip transaction for Partner Driven.

It sounds like you've really thought through not just what a good deal looks like today, but the other factors that will contribute to a more long-term appreciating value.

If it is cheaper to own, you may want to buy and even if you sell in 2 years (assuming the development is finished on time), you may still come out ahead in terms of selling the property vs paying someone else's mortgage.

I live in the Portland, Maine area and am currently launching my real estate wholesaling business as a short term strategy in order to build knowledge, capital, and a network so that I can eventually start investing in my own projects such as fix and flips, and both short and long term rentals.

I’m passionate about real estate investing (i think) and interested in saving up for my first short term rental property.