He didn’t just answer my questions—he showed me how this game is played at a much higher level.

In the end, you can play with all of them and see which one works best for you.

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.  

@Justin Brown There are several variables at play here.

I can't recall one ever sticking around to play it out.

You're not in the position to be a cash buyer...as a former wealth manager, it's simply not a good play for you for many of the reasons stated above and more.  

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

He had other projects that he committed to.Want to play a challenging game?

Working with a great broker can also help as they will know how best to represent your interests and play the game.

Any way good luck with it.. sounds like this company's eyes were way bigger than their stomach.. to scale on scattered lots is pretty tough logistically and I guess we are seeing that play out.