If you are a control person, this can be a challenge but I have learned to let go over day to day issues that come up that I would do differently.Handypersons are a tough one.

Greater control of the timeline.  

.: Emotionally..... pay off your primary.Financially..... use the $$ to buy assets that make you $$...hands down a smarter use of your capital Especially if your interest rate is well below what the current rates have been. 

Relying on someone who has their 'own team' to run your rental business is a severe lack of internal controls in my opinion.

But the one thing that you can control is your creativity and how far are you willing to go with risk .

This is why the big corp builders or regionals control so much of the larger developmentsthe deals i funded are 34 lots 160 lots and 80 lots respectively and each of them have contracts on them by Toll and Lennar and one regional but they only close when we have permits in hand. 

That's why I posted, to provide people with real advice based on my experiences so they can avoid making the same mistakes.Providing greater buffer space for capital expenditures and controls is a good risk management strategy.

These are just a few things that could happen.The Arbitrage person is not the owner of the property therefore has limited control over possible outcomes that may or may not happen.These are just the facts.

When you take all five together they should paint a picture, but I also mentioned your gut is important (not your emotions).

You appear naturally to default to decision making based upon emotions and speculation on what worst case scenarios may be.