But here’s something to keep in mind: when you sell a property, you usually have to deal with depreciation recapture, which is another type of tax.

I’m still new to BiggerPockets and looking to connect with like-minded investors.

So I’m pretty close to you, once I pull some cash I have sitting in a flip that will probably turn into a brrr I’ll be about 70/30 stocks, I really don’t mind buying property provided I think for some subjective reason that area is undervalued/will outperform the market, but to me the stock market has a few advantages, 1. it is much easier obviously/more liquid. 2.

@Nate Jenks one thing to keep in mind here that it would be pretty hard to take any equity out of this property after a year. 

I'll keep you in mind for the work mentioned on your site.

Will definitely keep this all in mind as I move forward.

I knew a few people that went to SUNY Binghamton (and one that moved back there recently) so I had student housing in mind when I asked the question.

Not sure, from what you're writing, what the benefit to the borrower was in refinancing, but there had to be something; cash out and lower rate are two that come to mind. 

It's essential to prioritize their comfort and peace of mind during the transition.● Management Company Challenges.

Gravel and posts come to mind as options.