I'm in a dilemma as to what to do:1. 2.5% 5/1 ARM with cashout upto 65% LTV - no cost, no points2. 2.5% 10/1 ARM with cashout upto 70% LTV - $14k in cost and points3. 2.625% 10/1 ARM with cashout upto 70% LTV - no cost, no pointsRegd my primary residence - I don't intend to stay here permanently - about 10 years more.With the cashout proceeds - I would like to buy an investment property or two (local, not out-of-state).What would you do, if you were in my shoes?

@Matt Rose, the newest property I own was built in 1954. 

I COULD have been the bass player for Guns n Roses but that didn't happen LOL 

I love the Rose District.

@Rose White definitely interested Rose

The next shoe to drop, will be from first position lenders.

What would you do in my shoes to start in real estate (becoming a landlord) My family has basically less money than me so Help was never an option.

According to the latest market report by the Austin Board of REALTORS (ABoR), Austin's median residential sales price rose by 14% to $395,750 compared to February 2019.

Right now I'm trying to maintain a holding pattern on everything and if I were in your shoes, I think I'd cancel and see if the seller is willing to either refund the EM, or perhaps use it as credit if you resume the purchase down the road. 

I also tend to put myself in their shoes while I weigh in what my business needs and especially since this is not normal circumstances.