In my opinion that leaves me with two options. 

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

Believe it or not, these things actually impact all parts of the housing market, not just the new home sector.Again, to truly weigh the options in front of you, I would suggest having a Realtor do an evaluation for you, and give you a pro/con rundown of each option. 

good area to buy. would love to discuss if you are looking for financing options

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

Stessa is a pretty good option but only for the management portion.

I think you’re under a misconception that’s leading you to think you have options you don’t…You say it’s worth $1.1M and you’d net $500k.

If you're considering Real Estate as an option in the future, I would not add the money to either of these accounts. 

You could also check out options like Cozy or TenantCloud for similar features.When converting to LTR, just keep an eye on local rental laws, lease terms, and any rent control rules that might apply.