Be careful will how that lump sum is handled.

If it's A grade their is a good chance the tenant was so clean you can lease it with the exiting tenant still residing their. 

Buy and hold - utilize sweat equity tobuild a primary residence for my wife and I and build an ADU to offset the cost of ownership.  

I have been looking at properties sitting on the market for 45- 120days and some of the realtors seem to not care.

@Nolan Mahoney, if you're looking to buy another primary residence with low down payment, DSCR is not an option you should consider exploring as many may suggest.

Zoning for RM-1Any building with an RM designation can be used as a residence: for one family or as a multi-unit building.

I reside in Bristol and own 3 multifamily investments here as well.

This means that you each separately own 50% of the property.As for who lives where when, nobody’s going to care so long as at least one of you moves in after escrow closes.

Shu Matsuo has said in his content that you can go, buy a house, and then have someone take care of it while you aren't there.

Please be sure to review either your lease agreement, purchase and sale agreement carefully as well.Even if you hire a listing broker, or get a BOV review every contract because you will get burned on owed commissions!