In an economy where white collar workers are moving to remote positions this doesn't bode well for that reason, and if you aren't tied geographically to your employer, why move somewhere where a 2200 sq foot house is $1 million when you can get a house that size for 350K in other areas without the congestion? 

@Diane Stinebaugh - I dont think its one size fits all type of an answer because imo it dependsA few things to take into consideration would be -- age of the house and how much deferred maintenace it has- Is it A/B/C or lower class type of an asset- Geographical location and possibility of natural disasters like hurricanes, tornadoes, hailstorms, earthquakes etc.

This also implies better B, C neighborhoods are not cash flow and unsophisticated investors are betting on a unrealistic outlook that will never happen.

No, as others mentioned, I would agree getting a buyers agent to make the offer on your behalf is the best bet.

Do you have previous experience managing that size of property?

What really matters is the size of the wood floors.

Vanguard total stock market is the way to go, your betting on the entire market not individual stocks where you (and me) do not have nearly the amount of insights and expertise to make sound judgements.

A 16 unit multifamily can qualify for a 35 year fixed rate loan under the HUD 223(f) loan program, however the fixed soft costs involved with that program generally are not economical for a request of that size.

If you post the existing size of the house this will help us better give you a ballpark number.

This is in Virginia Beach and there are no other homes this size and age in the area.