A Cap Rate is generally used as just another indicator of market sentiment on a particular property's income stream.

Not necessarily limited to type of rental investment, I'm open to rehabs, new construction, house hacking, duplexes/triplexes.Just gauging general thoughts and sentiment around this area.

@Michelle ManningI echo the sentiments for asking a good real estate attorney.

I understand there may be sentimental value to the place so I know there are other factors to consider.Best of luck to you moving forward!

I have a small sample size, but that seems to be the general sentiment I've heard as well.

Consumer Sentiment will also be released on Friday (10/16).

While it's important to avoid "steering" away or toward a specific town or geographic area, in terms of rental amounts and general public sentiment for these towns, @felipe is spot on.

Of course, that redeployment also works with a cash-out, but I'm paying for it whenever I'm not using it.Is there any additional factor I need to consider since this is my primary residence, though, or is it all just emotion and fear because of the sentimental connection on using one's home for funds? 

A home is sentimental and not like buying a shirt or pants. 

I have heard the same sentiment from many investors.