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

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.  

Contractors play such a huge role in real estate projects.

Quote from @Kyle Carter: What role does insurance play in protecting your investments.

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

If we sell, we will have between $150-200k to play with.

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

There’s no real reason to jump into another market unless your goals shift and your current market doesn’t fit anymore—or if the market itself stops producing the results you need.Mastering one market and squeezing every opportunity out of it is a much better play than spreading yourself too thin and getting half-baked results in multiple places.

Not me mate,F@$# it tho.I'll just show up one day and knock on his door hahaTeach him how to play football and not how you Yankee's call it "soccer" hahaha My fault, I thought you knew the invitation was open!