A due on sale clause could be triggered which will cause all kinds of pain if not planned.

Regardless, pull the trigger and stick to whatever you pick for some time.

I feel like I read a lot and watch tons of videos and the one thing I keep hearing is "you need to pull the trigger and get involved". 

-Keep in mind that there will be repairs & maintenance that will come up occasionally (depending how well it was taken care of by previous owner)-You will be living next door to your tenants-if that's something that doesn't bother you you should be fine-Run the numbers with both side rented once you move out-if that makes it a good deal (little bit of cashflow after mortgage) then pull the trigger-Overall you are putting 5% down at 2.6% rate with 30 year loan-that's a really good product offered by the banks so if all the above makes sense then go for it and start building the owner occupy portfolio

The biggest risk you face is the due on sale clause being triggered causing you to have to pay the entire note.That also isn’t much cash flow, what if there’s a vacancy or any capex?

You have to pull the trigger and TAKE ACTION.

That way you can get started while you're away and be ready to potentially pull the trigger on something before or when you get into town.  

Henriquez Thank you for the insight I will be getting these things in order so when I do pull the trigger I am ready to go on all fronts.

That conversion does not trigger a recognition of gain. 

Disclaimer, I'm not an accountant/lawyer and you should check with yours before pulling the trigger on anything.I had a similar situation where I was bringing in the money and someone else was putting in the sweat equity.