As I said earlier; I’ve danced this dance enough to understand my comfort level is debt free and cash on hand or enough cash flow to pay down a new mortgage in 60 months or less.I’ve been on the other side of that thinking….. well if I lose it all, I only lose the minimal amount of money I’ve invested in the project trying to maximize my leverage.

We're are certainly biased here, myself included, but I would take the $500k and invest passively in several syndications, then with your income level, I would save $100k+ each year and passively invest that into more real estate syndications.

@Joel OwensAs a multifamily investor looking to move to commercial, your knowledge level is so impressive and reminds me how much more complex commerical transactions are.

At this leverage level, I would pull all my working capital out (~$83k) and potentially even boost my working capital by $9k ($92k note minus $83k invested).

The insured level is in 7 figures but less than 8 figures.

I’m glad you shared your story... if selling part of your portfolio would increase your comfort level, I wouldn’t think of it as a step backward... maybe a step forward, to protect the remainder of your portfolio, your family’s interests, and your peace of mind.

Ever since then I've been hooked on real estate investing and trying to learn as much as I can.I currently work in the Loop and that has been great thus far, but I've realized that real estate is the driver that really transforms people's lives to that next level. I

I'm not sure what your situation or comfort level is.

Is it a regional lender or at the local level? I

I think the only way to reach the next level is by taking on projects that are ALMOST too challenging and forcing yourself through it.What's next?