So I think it’s about allocating some to stocks some to real estate some to whatever other businesses you want to invest in.

Lets look at some rough numbers.If you bought for 400k, and we allocate 25k to land.

Conduit type and asset allocations? 

Don't always look at what the bank account balance is, look at the books to see how much was allocated in the reserve.3-6 months reserves are usually for regular maintenance or not full-on big ticket items. 

Structure and allocation will be key to how you do it.  

I ran number multiple times but my estimation seems not great as I am not sure what percentage I should allocate monthly expenses as the recommandation is a range such as 5%~15%.

Pay cash for one and maximum leverage for the other (because you can allocate your proceeds any way you want). 

@Jason Moran, if your funds are not eligible for transfer, consider contributing less (perhaps enough to secure matching funds if they are offered), and allocating your investments toward the safest investments from what is available.

The title insurance premium charges for the owner's policy and any lender's policy will be calculated and allocated in accordance with Florida law, but may be reported differently on certain federally mandated closing disclosures and other closing documents.

If you're in the wealth building phase, it's a no-brainer to arbitrage the extra money and allocate that towards an asset with a higher return than the mortgage paydown.