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[quote=Anonymous][quote=Anonymous]OP. I have no plans to retire. I like what I do and have a flexible schedule. I’ll probably top out around $250K in a couple of years. My biggest concern would be if I can’t work from illness. I want to be able to house a helper if I need one, which I currently can’t do.

I thought this seemed like an opportunity to buy my dream house and an investment property at the same time—the small wing of the house is readily divisible into a 2 story 1BR 2BA Apt, I would just need to install a kitchen in the LR. So I could depreciate part of the house and also deduct some expenses & improvements on taxes against the rental income.

It does sound like a potential maintenance saga/money sink though. [/quote]

You need to price it all out and also evaluate your personal patience having to deal with a stranger living in your home, sharing your yard, etc.  Your income isn't that high and if not able to increase it, you might find yourself financially uncomfortable and forced to downsize.  Is you money well invested to return a little passive income?  You could bump your income if you put your money into something returning income.

You also can continue renting and invest into a rental property instead somewhere you would love to retire, but cannot live now.  if the place pays for itself then you got yourself a good investment, and you can hire management company to deal with repairs and tenants.

You could buy a nice townhome in a community with good amenities and in the best school districts and nice areas for under 1 mil.  You still would have outdoor space, just not anything to be a burden to maintain.  [/quote]

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