With 40k cash, a wife that loves your current home, and 2 kids, stay put unless you can find a compelling reason to convince your wife to do another live in flip or live in a 2-4 unit house hack.

Water damage is one thing but getting smoke smell completely can be tricky! 

Better sell everything and live in an underground bunker. 

My Ex-wife currently lives in my fathers home.

Quote from @Chris Hertig: We recently purchased a multi-family property and have someone living illegally in an uninhabitable, detached garage. 

That would be various liens, easement, water lien, demolition lien, mechanics lien, tax lien, water/sewer lien - something that title companies look for, when they do a title search. 

Hello, I currently live in my home, I'm closing on a 4 unit 2bd apartment building (which I will live in one).

Purchase price: $532,500 Cash invested: $106,500 I just bought a duplex on 3rd Ave on the Columbus side of Grandview and am planning on living in one side and renting out the other.  

I live here and househack as well - can provide a first hand perspective.

I’ve quickly begun to realize that the SDIRA waters are pretty shark-infested.