Michael - The 6,000 SF refers to the land size limitation.

I know the tax hit isn’t ideal, but I’m wondering if the long-term cash flow benefits outweigh the opportunity cost.

Quote from @Andrew Kubik: First off, congrats on your upcoming marriage and already having 3 properties free and clear!

The problem is the over saturation of them.  

The cash value in the policy service as collateral for the loan.

I also have kicked off new businesses in Northwest Arkansas doing real estate development, new home and flip construction, as well as real estate investing. 

Also you're probably not really paying much off on principal on a fairly new loan. 

So your number of 715k may not be too far off depending on the square footage and also the age of the cabin.For anybody to suggest otherwise without knowing more information on your specific cabin isn't giving you the best advice to be honest. 

So I was just wanting to get opinions on the best way to leverage the equity and heloc I have? 

I start by telling them we have a lot of money tied up in the property, and we've been burned by folks that wanted us to believe the best of them.