They have high flush toilets in all their units and are paying the water and sewer for the residents excessive usage and just don't care. 

So they get an offer and see the bottom line from opendoor or alike and they see profit they are happy.Now if they were provided a bottom line from and agent at real value without the excessive fees and compared that to an estimate from opendoor etc I think most homeowners would choose to save thousands of dollars vs sell a month and a half sooner.They are in Las Vegas and Henderson now as well.

I have a partner (childhood-friend, non-veteran) who would split with me the down payment in excess of the entitlement ($649K for San Diego) and any renovation costs. 

This seems definitely excessive to me.Thanks!

I am most interested in the power of choice, having excess money provides.After listening to Podcast #222 featuring @JayHinrichs last night and then spending a little time on the forums, some things really hit home for me:#1- Take advice from people who aren't trying to sell you something. 

We opted to rent, which resulted in better accommodations cheaper, and used excess funds plus rents from the rental of our US primary to acquire more US rentals.

Gift is property given without the requirement for it to be paid back.One can be gifted $15,000 in cash without the requirement of a gift-tax return.Gifts in excess of $15,000 require a gift tax return.Loans is property given with the requirement for it to be paid back.Loans require interest to be paid along with the principal.The IRS may put an imputed interest if there is no interest in the loan.3.

So they're being excessively conservative, in my opinion.As long as your CPA agrees with my position (does not matter which spouse or both own the property) and is willing to defend it before the IRS - you're good. 

Use excess funds for HML.

I have used refinance by choice in recent times (fixed rate versus variable rate but typically the refinance loan has a higher cost) but maybe 5 years ago I looked for institutes that would provide an ELOC on non-owner occupied RE and I found a few but in excess of 90% did not offer the ELOC on non-owner occupied RE.