In many places, daycare costs, commuting, office clothes, taxes, meal prep, all take up a working person's full income when you switch to going back to the office.

This is a very personal question that is difficult to answer. 

The question is, what is the intention  of the owner, not what would a reasonable person think is the intention of the owner.

Thank you,KVBelow are my answers to some of your questions that I feel qualified enough to answer and then some of my personal thoughts on where to go from here."

i would never tell a random person on the internet where they should live. 

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

When structuring a deal, what might work for one person, may not work for the other.

But, you need to talk directly to the person whose name is on title. 

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

If you have, you have put yourself at great personal risk.Again, I recommend you get a lawyer as soon as possible.