So, I would basically consider it an up/down duplex that does not have separate utilities.

Therefore we look out for their best interest as well as the help, safety and welfare of the public/anyone whom will utilize the space(s).  

Get those CCs paid down, and you'll also potentially earn higher credit limits on those existing cards (a good rule of thumb is to keep your utilization lower than 30% of your limit which, if done consistently, can boost your credit score). 

Are either of these considered Material Defects in the home, now that the seller knows about them?

Does it make sense to include internet with the utilities (that I already pay) to possibly rent my units for more money than similar properties?

You provide the space and utilities.

I might have need to utilize these funds for other reasons in the next year or 2 as well - if other investment opportunities arise, if we move into a bigger house, if I decide to go the self-employment/small business route. 

We are looking for a 1-bedroom apartment and they seem to be priced around 750-950 + utilities. 

The house:Commercial property - 2 family mixed use with a commercial kitchen, and a cottage on the same lotI reached out to about 5 lenders, and every single one of them said I could not utilize FHA loan on this property.

Lost rents (2-12 weeks), extra holding costs (lawn care, utilities, etc.,) make ready costs (frequently $500-$5,000), mortgage, insurance, taxes, and tenant placement fee.Every case is different.