If you own cash, then you will probably have to get a loan to buy out the other person (most people don't have hundreds of thousands of dollars sitting around to buy someone out). 

I an afford to sit on this property as its in the Yosemite AirBnb hot spot and don't need to do anything right away as its in a killer location.

That is a mixture of units sitting.

Buy strategically, and if you do it right you may be able to get that 2nd one quicker than you originally thought and sit in a better position than you do as of today.

And right now, homeowners across the country are sitting on record amounts of it.Here’s a look at how that equity could be a game changer for you, and why it’ll flip your perspective from “Why would I move right now?”

How long do they sit on the market, are you finding them in move-in-ready condition, or will they need work before you move in? 

Purchased a property that needed some work and on the lower end of the market so homes were sitting.

It utilizes money sitting in your checking account to good use AND  you still have access to the HELOC, line of credit to pay off expenses and other costs.  

I would encourage you to sit down with a couple of real estate salespersons and choose one based upon experience as well as knowledge of the area. 

I got about 1.2M just sitting here would like to put to work.