No need to take CF and stockpile it. 

They either stock pile cash, refinance property, actively buy DEALS, or do all the above. 

I know a lot of homeowners and investors that decided to do that, just to stockpile cash in case things get worse.

I'm debating whether it might be better to wait 6 months or so once I move out there both to stockpile some cash as well as see if the market moves to create more buying opportunities. 

@Jamaal Gibbs thanks for the reply, I would most likely be applying that extra $700 to stockpile cash in hand used on another investment property.

Early in the pandemic, if you remember back that far, toilet paper became a rarity on supermarket shelves as shoppers stockpiled essential staples amid curfews and lockdowns (attempting to stem the spread of COVID-19).

And I'm stockpiling cash to buy when the housing market dumps.

So I did a total 180 and paused on DR to focus on stockpiling cash to be prepared should this real estate deal materialize.

Best case scenario would probably be around $250 a month profit.If that were the case, my plan would be to stockpile as much cash as I can to make a good cash down payment on our new home...hopefully somewhere in the $30,000-$40,000 down range.I am just looking for thoughts, ideas, advice on this scenario.

I am in a good place right now and am perfectly satisfied with stockpiling cash for future deals if that is the best option.