The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

.- Minimize government involvement in the housing finance system.- Maximize probability of successful private capital raise.- Maximize taxpayers’ profits on Treasury’s investment in the GSEs.Ackman’s key steps to ending conservatorship are:- Set appropriate capital requirements.- Limit government-granted benefits.- Develop market-based compensation and governance policies.- Clarify the nature of ongoing government backstop (implicit and/or explicit).When could this happen?

It really depends on your comfort level and long-term goals, but even if you want to get into multifamily long-term, SFR may be the best option to gain some comfortability.

Josh I find myself essentially in the same situation and I have been thinking about my options.  

Rochester NY has a plethora of options under 250k.  

So, I'm wondering about what other options I have.

I was not involved in contracts, funds, etc. 

Mashvisor – Helps compare long-term vs. short-term rental potential, especially useful if you’re weighing both options. 4.

If you ever need guidance on financing options for flips, rentals, or new construction, I’d be happy to help.

Really looking to understand our options for financing etc.