Payments that you make normally fall into one of 3 buckets100% of the payment can be factored in somewhere on the returnPartial payment can be factored somewhere on the return0% of the payment can be factored in somewhere on the returnHouse-hacking also has considerable tax implications in the event that you want to sell this property.You can potentially defer a portion or all of the gain on the investment property with 1031 exclusion.You can potentially exclude a portion or all of the gain on the personal residence with section 121 exclusionThe answer to your $10,000 question is it depends on if the unit is in service and what the breakdown of the $10,000 is(repair vs improvement) and if there is any safe harbor/election to currently expense the items.

I looked into mixed use properties, where the downstairs is commercial and upstairs residential, found normally in downtown areas of small towns.

The program will allow the homeowner and the GNA to split the profits that would normally go to a bank to accomplish the same process as home equity lines of credit, but also provide the actual process of how to effectively use that money to maintain the home.

@Michael Everett, when I conservatively run your numbers, I think you might cash flow a bit:$1200:  Gross Scheduled Rent (GSR)($60):   Vacancy, 5%($60):   Repairs, 5%($60):   CapEx, 5%; I normally underwrite to 10%, but with a new home you can go longer.

You'll have a very short window (around 30 days usually) to close if you were to win the deal.Day of, you'll need to bring a check (cashier's normally), and usually be pre-registered for the auction.

Normally a property like this in this neighborhood would be gone within a week with multiple offers.  

Fear is normal, but we have to overcome it by preparation through learning because learning is the key!

The point is you are just about breaking even on your primary residence, which would normally cost you up to $2k monthly.

A normal bank won't allow you to finance a down payment with debt (except a HELOC in some instances). 

We buried the lead there didn't we.They aren't paying the $100 power bill... and oh yeah they aren't paying the $1,200 rent either.In normal times notice to pay or quit followed by eviction, in COVID times probably still post notice then communicate on a payment plan if possible, and if not then eviction when the courts reopen.