If you have lots of other credit lines then this isn’t a massive impact, but depending on where your score is now it could be enough to raise the rate on the refi.

I may make a separate post related to the State wide push to make NC a massive powerhouse on the east coast related to commerce.

That is a massive disparity gap, where a normalized differential should be closer to a 20% disparity.

Paying off a property, if you get that far, and I hope you do, allows for many future options including taking a portion off to buy more property and somewhat acting as the bank yourself, or you can simply enjoy the extra cash flow in the meantime that comes in while the market is hot and positioned for a massive meltdown which is kind of looking like might happen with the prolonged economic shut down.

There was also unprecedented stimulus, loan forbearance, unemployment benefits, and low interest rates that benefited most investors in a massive way. 

This does nothing to protect my downside risk in the event values were to take a massive hit.

That being said we have a massive shortage of rentals in several areas including Old Town Scottsdale, mid Town Phoenix and North Central Phoenix. 

So not only you create a massive economic response by building the infrastructure, it also has an afterglow for the rest of the economy after completed. 

It's going to take a massive influx of cash from dozens of investors to get around this hurdle.

Now obviously you need to find the right condo that’s not facing disrepair or a massive assessment/increase history.