It's more about preservation and tax benefits.In short, he's past the point of benefiting from mortgage financing (leverage).But most people are NOT.

The gist being that pricing is only one tool in the toolbox with the end goal being revenue preservation and optimization.

Effectively, that could turn a non-recourse loan in a recourse loan.YUP preserve cash and dont blow your DCR covenants..  

You don't want to turn the toxic preserves into vapors.Those landscape timbers will last close to 30 years.

@Cian HamillI was taught historic properties cost more to repair and maintain once you put a historic preservation cert on it.

Most of the successful investors I know are much more concerned with capital preservation first and growth second.

This preserves eligibility for Partner B to do the same thing with the next property.- A multimember LLC has been formed, along with a shared bank account.

There is the rule where you can use 75% of rents to offset the mortgage, but that requires financing a property that is occupied, which seriously limits my options to find deals.Add to that the uncertain short-term future of the real estate market, and I'm wondering if it may be best to sit it out for the next few years, and hit it hard once I'm finished with school and have a real W2 income to back me up.My main concern is that my stack of dry powder will wither away due to inflation, and I'm not exactly eager to throw it into something else like the stock market to preserve it right now.

Such a statement is true and potentially preserves both of your best interests. 

Just immigrant parents looking to preserve their wealth and possibly grow it a bit.