Need some advice/direction

[Andrew S.]

Hello. I would like some advice/direction. I am about to be 40 next month. I make around $950/month (net). In a year I will be completely debt free. Though, I don't have any savings. After that time, I have a wealthy friend who is going to give me $100,000 toward my housing situation (I am currently living with my parents). My idea, currently, is to use that to buy a condo free and clear. I have thought about house hacking with a multi-unit, but I'm not sure. Thank you in advance for your thoughts on this.