Im not an SEC attorney but I would think you would have to be careful doing this.  

Just be careful what areas, cash flow isn't everything.

I don't know your living situation but if your paying x,xxx for rent or a mortgage and instead by living in one side and renting out the other you will be paying y,yyy instead and y is less then x that's great, especially if you can rent out your primary residence and make income there too. 

@Rene Hosman - Could you please take care of this? 

I personally use the mass text capabilities through my Resident RE CRM.However I have a few friends who wholesale and invest and use Mobile Monkey to mass text and from what they say the price is pretty reasonable.

Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with. 

So be careful

If a property is for sale but currently has tenants in it, but the buyer is buying for their primary residence, do eviction laws still apply? 

@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?

Welcome to the site and glad to see another fellow Westchester Resident.