My question is, should I pay-off my primary residence mortgage to 1)Get peace of mind and some sort of security 2)Opportunity to borrow from my equity if needed 3) Extra cashflow to save and invest in another rental property in the future OR should I keep my primary residence mortgage (due to the low interest rate) and purchase another rental property instead?

The impact this knowledge can have on their futures is enormous!

5) Given your cash and equity, I recommend just using the capital you have at a 75-80 LTV on future purchases, you can get yourself into about another $800k of real estate at extremely good rates.

Looking forward to doing deals together in the future and watching you grow as an investor. 

Nothing herein shall be construed to imply that Owner/Agent will consent to any future change in residents.4.

I am shocked that an increase could come at this scale YOY and am considering deploying the capital elsewhere to prevent any future loss on valuation.Have any other owners in CO or nationally experienced a massive increase like this in 2024?

That said, we have built and sold 34 of these build-to-rent properties this year and are continuing to buy more lots for future development. 

The remaining depreciable basis will be captured over future years.

I know this is generic and theoretical situation, but I'm trying to decide if I'm even close to enough to consider it a future option.

They have worked on a lot of projects for investors I have worked with and I'm sure they could help you on this current or future projects .