I purchase my personal investments to maximize their equity and hold long term.

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Also Condos are dealing with high special assessments.

Not too bad when the inventory is low, the number of sales is low (like a 30 year low), interest rates are high and prices are high. 

I personally do not prefer to hold high cost SFRs as LTR investments.  

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.

I think this depends on your risk tolerance and your interest rate.  

Budget carefully, prioritize high-ROI renovations, and adhere to strict timelines to maximize profitability.

I do not judge anyone that sees a high projected return and becomes interested.  

And would it be worthwhile investing to rent?