If the tenant situation is stable, personally I would dump the money in and keep it for the long haul.

After the crash in 08 he retired, moved back to Oklahoma, and now wants to come out of retirement and start building again.

I always ensure to bring it up to every one I talk to about my retirement plan or my investment criteria even if it's just a small part of the conversation they will remember you if a deal comes up.

I've heard that the down payment percentages for investment properties can be higher compared to primary residences.Specifically, I'm looking for insights on:The typical down payment percentages required by conventional lenders for investment properties.Any differences in requirements for single-family homes versus multi-unit properties.Experiences with different lenders and any recommendations for those offering favorable terms for investment properties.Any tips for negotiating better terms or finding lenders with more flexible down payment options.For context, this will be my second property, and I have a good credit score and a stable income.

Details below:-This would be our primary residence, not an investment property (but it does have optionality via an ADU setup)-The seller is interested in selling and relocating out of state in 2 years when they retire-We have a primary home (that has been a cashflowing rental) in the same town.

The cash flow from the investment would be intended to replace a W2 income and the funds would come from my retirement account.

The interest actually goes back to me so it’s essentially just an opportunity costs question about losing $50k of retirement investments with effectively 0% interest. 

I've met his kids who are in there 40s and I've spoke with people where he banks at to confirm income since he is retired and they spoke highly of him.

Ideally, you want a professional career (skilled labor) and a stable multi-year job.

Hello all,I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months.