All makes sense.

Bacogno Brother - I recommend travelling to a couple different cites and seeing which one you like the best and which makes the most economical sense.

Personally a cash-out refi could help me get more quickly into all-cash BRRRs or a REI venture in Spain, however I don't know to what extent this is at the expense of rental cash flows, and what is the wiser decision long term.I've combed through posts online and looked for Excel templates to run some calcs and get a sense, but nothing really filled the void... 

You should be on AirBNB and VRBO in order to reach the most folks.We got 60% of our bookings from VRBO in 2024. 2025 is booking out now and 100% are VRBO bookings.Makes zero sense not to list on VRBO.

To kind of give you a sense of what you are asking, it is like me asking you if Eating Out is a good choice? 

If you have that much equity, perhaps a $1.5-$2M would make sense, but I assume that would be a larger property with more doors.

@Ivan Terrero no you can’t do that; you can however allow an authorized user to in a sense ‘borrow’ your existing credit history which will report as theirs, but you can’t outright sell it to them.

You call people mean, angry, or aggressive for giving you advice that isn't what you want to hear.Too few people think their sense of self is not a big part of their real estate investing future, but they are wrong.

You could learn by owning a property while you are still here, but the strategy doesn't make sense.

A HELOAN will have a significantly higher rate than a cash out refi, but you'll need to look at your blended rate to see which option makes the most sense.