@Edita D.My phone let's me record calls, tell them that you're recording the call for quality assurance and training purposes.I'm not a lawyer, and I know it depends on the state, but informing them they're being recorded should help you down the road.

but when you pull out your $40k equity at the sale, that $40k is worth less 10 years down the road vs. how much it's worth the day you invested it. 

On top of that having a 5th bedroom will help with resale value down the road.

I used to work with Canopy Road Real Estate, LLC which is owned by the same owner of VPM so my opinion may be slightly bias.

I know it is going to be a somewhat long road, especially with the debt level that I have allowed myself to accumulate but I am sure I can do it.

Be sure to take the fees into consideration before you head down this road.

I'd like to do development down the road.

Curiosity question mainly to satisfy my wonder of whether or not I want to venture down that road.

Unless it is a 5 acre parcel somewhere, but that would be a multi million dollar property.In regards to creating a condo association, that could complicate the sale of the property down the road.

I ended up making my own primary house purchase with cash without selling or taking our equity on any of my investment houses, but I am intrigued by the idea of using equity in this RE investment to get another RE down the road if I needed.