So that's going to be a heap o taxes.The answer to the investment side would be to do a 1031 on that portion and use that to purchase the condos.   

If it's a really great tenant you want to keep in the long run, you could cover a portion of it.

Podcasts are great, video's too, but make sure you "feed" her the good stuff in small portions, otherwise she will not pay attention.

BOTH and not one vs the other simultaneously( rent one portion and live in another).

I would pay a PM to rent it before selling off a portion and I hate the thought of giving away money to a PM when it is easy to remotely manage a property with the tools that VRBO and Airbnb provide.

@Mathew Madruga So when entering numbers into the refinance portion of the investment calculator, do you NOT enter the total price the property is now worth after rehab is complete?

I've contacted the seller, and they are open to offering seller financing on a portion of the house. 

Then within three months or a year do a refinance on the property and use the money we get out to pay off the HML and then he can get a portion/most of his original investment out of the property.

With all the people getting into multifamily and the sheer lack of quality property managers in & around KC, to me, it only makes sense to grow this portion of a business as much as possbile and then wait for the next correction, while doing everything else we do.Hope all this helps... 

keep in mind as a non us resident your exempt from the accredited investor rules .. so syndication could be a nice play for a portion of your funds.. choose wisely though