If you're the kind of person that needs hard math and graphing to understand things, this is completely the book you need on building wealth through duplex living.If your wife is behind you in this idea, and can see it as a move to financial independence, congratulations, you're in the small minority, as I am.

We’d like to assemble a real estate portfolio over the years, and would consider buying a rental property whilst living in our current home.I’m looking for any creative ideas or suggestions given our circumstances.

-The idea ending place is your sister living in the main house and a separate tenant living in the ADU, right?

I’ve considered the idea of shopping it out to wholesalers, or even listing it, but I went into it with the intent to rent and I’d like to see that through if the numbers make sense.

The auction is the following Tuesday at 10am and you have only 4 business days to close the title, pay off the bank, AND MUST MOVE OUT THE OWNER!!!   

Some things that jump out at me:1) Many cities have codes that establish the number of unrelated individuals that can live in the home, so you will need to do some research on this in your area. 2) You may need commercial property insurance, as your insurance company will likely consider this a business exposure.

Pete,Apartments are a class of business that some Insurance companies like and others avoid. 

When you say sales, are you referring to direct sales to a consumer or business to business?

Many say they want to leave their w2 but then have no idea what to do or what makes them happy.

Agustin, Regardless of where you are going to invest you need a team of people around you to make your real estate investing business successful.