We found that the building we are interested in is not zoned for multiple units, though the current owners have been operating it like this for 13 plus years.

What city did you buy in?) 

There are other factors to examine such as how much cash reserves a person has, income and the market that they are in.

I recently came into some extra cash and I am not sure what direction to go in.

The area we live in is fairly expensive and most multifamily homes are around 600k.

@Theresa HarrisNo, fortunately no one is waiting to move in, I will be doing some minor renovations, but it is still costing me money every day.

I am new to real estate and haven't/Still looking for my first duplex or property to invest in.

Just starting out I would consider MLS (you have to make a lot of offers), working with wholesalers, and checking FSBO websites.If you want to get advanced you could also try some of your own direct-to-seller marketing, keeping in mind it will take a while (usually 1-2 months +) to see any fruit from that.What markets are you looking in?

Once you're in, I promise you that you'll have wished you got in sooner.

Columbus, Ohio is a great market to land in!