.- The 203(k) will allow you to bid on properties that need repairs that won't qualify for a traditional mortgage => less competition => better purchase price.You will need to find a great local contractor you can trust to supply the required bids to qualify for the 203(k).- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.

Vitaliy provided some great points about the pros and cons of single family verse multi-unit investing.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.

If you control how they perform tasks, set their hours, or provide tools, they should likely be a W-2 employee, requiring you to withhold taxes and comply with payroll regulations.

is so what lender did you use that provide non recourse loan?

with the information provided can someone please give me our cost basis so I can figure total capital gains?

If/when you do move, renting your vacated unit will provide even more cashflow.

Thanks in advance for any insight you all might be able to provide!

Who is providing 85% LTV financing on that?

You are casting a very wide net without providing what your prioritized criteria might be.