Do I postpone what I love to enable me to do more of it later, or do I find a balanced path into REI enabling me to do both.

This is a great example where once I have a property free and clear can be used as a tool to extract cash later when needed. 

Also, operating a hotel (short term rentals) without a license or enabling such can be an issue in many jurisdictions.By the way, the concern also is on what airbnb's insurance doesn't cover.

My advice, give some thought to how you want to live and then choose a place that enables you to live how you like, even if it takes a bit longer to "get rich" there. 

Here are a few below.Tax Deferral: Deferring the taxable income from the sale of their real estate property.Consistent Income: Operating Partnerships can issue dividends or distributions so that the investor has cash flow.Portfolio Diversification: Enables the investor to achieve diversification across geography, industry, tenant and asset class in an Operating Partnership structure.

Emotional maturity (connected closely to emotional intelligence) enables us to make better decisions or, in the case of a pandemic, respond to events in a more constructive way.

The lessons extracted from your experiences has paid off in dividends im certain!

Additionally, having this cash on hand will enable you to buy the right deals when the opportunities present themselves.

This will enable a new investor an opportunity to get involved early while they learn and build there own plan and of course network.regards,[email protected]

Obviously the prices are different depending on the deal, and the refi doesn't always result in 100% leverage, but some are less, some are more, some extra cash comes in (and stays in) the deal from profit from other sales, or from income from other holds, or from refis of other properties where equity is extracted.