This should increase the value and cashflow with the ability to sustain an additional tenant, the area is already zoned for Multi-Family use.There other option I am weighing which is slightly less favorable due to the connections we have already made and the image of faulting on a Letter of Intent this early in our investing career is to cancel the agreement and invest the money into a different market which exists in Vermont.

And how it impacts a taxpayer’s ability to use the losses generated by cost seq and bonus depreciation.

Getting licensed gave me the ability to learn the industry more rapidly and has become a very valuable tool in my toolbox.

In terms of the house hacking strategy, how would that first mortgage + my potential student loans affect my ability to get a second mortgage?

That tells me the moratorium hasn't really impacted the ability to outright sell a home; your first strategy. 

Companies stocks drop, their ability to leverage their stocks decrease causing them not to be as liquid to expand (cost of loans too high, possible defaulting on existing loans as business loans are more the floating type right!)  

If you live far away, professional property management is an extra expense you simply must incur to safeguard your investment.Experienced builder and property manager Rusty Meador notes, "No matter how good of a real estate deal you find, it is only as good as its ability to be managed well."

A desire and ability to share their knowledge4.

Rules:-buy a deeply discounted property with the ability to significantly increase the ARV. 

@Justin Rademacher as long as you (or perhaps a spouse) have time freedom (the ability to respond and engage an issue when it arises), a willingness to put in a fair amount of time in the early stages to learn an active business and profitability is more aligned with your goals than protecting your time by outsourcing, then yes it’s totally doable.