You will not see $1.3M you will only clear the difference of that 25% ($325K) minus taxes, Seller/Buyer fee's, attorney fee's might leave you with $180k amount split 2 ways so $90K each.You could take out a Heloc and pay him to walk away from the home so you can turn it into your home plus rental.

Some advice on HELOCs:Only use 50 percent of the total amount you have available and earmark 15k of that for reserves.

We want to travel via RV and potentially house hack in multi-family to have a home to return too as well as potentially take advantage of 5% Fannie Mae loan for purchase of multi-family using least amount of our own money. 

I'm curious if you have any learnings from your start in arbitrage and how to avoid sinking large amounts of cash.

Depending on the built in gain and how long you've lived there, you should be able to sell your current primary tax-free and roll any gains from that into your new primary residence, that is IRC section 121.Is there a set amount of time before you can move into the rental as your primary?

You would choose the tenant so you would have a decent amount of security on who is living there.

Just out of curiosity, who set the acreage amounts for the lots?

And your Realtor would know more about what’s typical with new construction in your State, but I feel they should be fighting for your interests, and be the one having the conversation with the sales rep about a reasonable amount for the earnest money deposit, on your behalf.Glad you haven’t signed anything yet and hope you manage to come to terms that work for you.Keep us posted!

Insurance placement guests tend to be very last minute, often will want to sign an initial 30-day contract and then the amount of time they will extend is very unpredictable but can sometimes be upwards of 9 months.

I hear of refinancing all the time but upon doing some deeper research I learned it costs around 2-5% of the loan amount.