Anyone who tells you this is lying.  

I purchased this home with the intent to retire here but I no longer wish to do that.

He has up to $4mm in cash for an initial investment.

Consider this.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

This investment aligns with a broader strategy to maximize returns in the growing Drexel market.

I've been exploring options for a multifamily property, single-family homes, and even a luxury condo that could work as an Airbnb.My primary goal is to find an investment that has good potential for profit and tax benefits for this year.

The reason I say this is to lead into the answer from your question. 

I want to create this for my family.