Multifamily vs Home Living and Investing

[Ramsey Lee Rodriguez]

Hello Everyone,  

This is my third post and I have received great and valuable information that has brought me to this point.   

I am currently getting closer to making my first multifamily purchase.  But I have come to a crossroad with financing options and need advise.    

My two options:

Option 1 (not selling home): I can continue saving money and put down 20% on a conventional loan and keep my home (which I have a lot of equity on).  This route will allow me to buy a quad that is around 10-15 years old within the next six months.

Option 2 (selling home): Try to sell our home in a marking that has not been selling much.  A house on my block was recently purchased after two years on the market.  The upside is I do live less than a mile from a major university (which just added a medical school) and has a developing area.  After selling our home my wife and I would buy a new to fairly new quad (1-9 years old) and live in one of the units and rent the other three.  We can then use the equity to put a down payment (save my current savings) and have extra cash to possibly purchase a second unit.    

My questions: has anybody come to this crossroad?  if so, what was your experience and pros and cons of doing so?

Best,

Ramsey