Quote from @Lisa Albright: Hi All,Newbie here, just a quick question we are building an addition on our second home, we have a primary residence, and two rental properties.

***BUT keep it ***B - Buy it F - Fix itLive - Primary Residence itLeave - Keep it, rent it out, and find a new primary residence What made you interested in investing in this type of deal?

I'm looking to use it as an investment, not a primary residence.

I am heavily invested in index funds and long-term stock investments which is my primary focus and something I adore and am extremely interested in.

My primary focus is on the BRRR method, with a greater emphasis on appreciation over cash flow.For those with experience investing in Cleveland, I’d greatly appreciate any insights on neighborhoods worth focusing on.

I currently own a 1 bed 1 bath single-family house as my primary residence.

However, to my understanding, a 1031 conversion of an investment property to your primary residence after a safe harbor of two years does not trigger a tax event.

From tax stand point I would think you can separate from primary and be okay with IRS being that IRS will not be local code enforcement.  

@Kris TohovitisI wouldn't recommend using your cash to pay off the mortgage on your primary residence since you can likely get a better return on that money by investing it.What's your buying criteria for the multi-family property?

I strongly advise you to get your primary residence taken care of FIRST.