became our holy grail.We tracked payments with paper notes and consistently followed up with residents about small delinquent balances.

I say it's a bad idea, i'd rather buy different properties and use that money as down payment.

While no one has a crystal ball, consider whether that amount is right for a downpayment for your family given the new area, home price ranges (which may continue to appreciate, especially if rates come down in 2024), and the resulting expected monthly payments on a new mortgage. $50k might be the right amount, but if you haven't already projected monthly P&I on the new home at $50k down, I'd recommend doing so before committing remainder to investments.3. 

I am hesitant about collecting a partial payment.

The bank has agreed to place a second mortgage on it, allowing me to use it as collateral for other flipping projects without needing any down payment.

Helen,There are more than a few loan programs that offer a low down payment and fairly easy to qualify for a new primary home.FHA 3.5% Down,  Fannie Mae 5% Down, Fannie/Freddie 3% First time home buyers programs.Credit scores under (695) I would suggest FHA due to flexible fico requirements. 

Search BRRRR method if you are not familiar with that.

., keep my down payment and exit deal)What consequence can they face for this delay?

I send out check right away, but thinking of asking him to move to monthly or bi-monthly payments to streamline the process...Any thoughts would be greatly appreciated!

When I went to buy my second househack, I had quite literally 12k saved up for a down payment that took me a whole year to save (I was fresh out of college).