We bought a repo rental house in a neighboring large city (about an hour away). We made sure it would be suitable for us to live in should the circumstances warrant. So it's an investment property, but suitable for us, at least during the week.

We also have adult children who have rented it from us at below market rent, so it has worked out, although we have tenants at the moment.

We actually intended to move to the city, but ended up staying put for now. We are happily homeschooling.