Are you (2) looking for a little supplemental income and don't mind the time you spend managing? 

Removing people with good paying jobs that enable them to keep their properties up can't be good.I hope it doesn't pass, but I think it will.

Since I would have someone helping me out with the mortgage through rent this will also enable me to save a lot more money than I am now which I can reinvest in future buy-and-hold's and also the improvements on the property.

This is a long term buy and hold plan to diversify further and help set up "early retirement" and enable us to focus more on entrepreneurial endeavors and less on my "day job".  

I now live in part and rent out the other, enabling the other side to cover my mortgage.  

We hope to start building a portfolio of rental properties over the next 10 years that will help fund our kids' college tuition, and then eventually supplement our retirement income.

This approach allowed for swift action, enabling a same-day sale for $280,000.

This enables you to take maybe 2%-3% back off the sale.

Working for a mortgage company will enable you to understand all of the different types of loans available and help you when you begin structuring your own REI deals.

-Use it to invest in some sort of 'side investment' to supplement my retirement.