What would you do with 100K?

[Carl L DeCesare]

I did the house hack thing, bought a double unit which I lived in the lower unit and rented the upper (which i'd recommend for anyone to do). I recently moved do Raleigh, NC leaving the investment property, now fully rented, in Buffalo NY. I receive an offer from a tenant to purchase the home which I would like to do because I don't want to be a long distance landlord and this is in the now in the works. The sale is going to leave me with nearly 6 figures that i'd like to reinvest (probably in Durham because the Raleigh market seems very high) but I have ABSOLUTELY NO experience on getting a home below market value. I'm very hesitant to just use my realtor and buy off the MLS. Is buying a REO property the way to go? I don't have experience doing direct mailing and feel like it wouldn't know where to start with it at this point. I want to do the 1031 exchange so i'm not hit with capital gains tax. Should I transfer all of the profit from the Buffalo home to one other property or use it for a downpayment on a couple properties? There seems to be very few multi unit homes around the Raleigh/Durham area so i'm most likely going to end up with single family houses. What would you do if you were in my situation? I'm very new to the area and as a perspective real estate investor so any advice would be greatly appreciated.