Considering recent market insights, reallocating your $300K brokerage account into a multifamily property while keeping your townhouse rented could be advantageous.Warren Buffett’s Berkshire Hathaway has accumulated a record amount of cash, suggesting a cautious stance due to potential market overvaluation.

My suggestion if your goal is to free up some equity to use for another purchase - start small with the single family home with a cash out refinance.

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

For teak the finished retail board is $28 to $32 per board foot.  

I’d suggest chatting with your friend about what’s been working for him, and maybe ask for some recommendations on building a solid local team3.

Denver Union Station Project (Colorado): The city exchanged several smaller parcels of land with a private developer, who in turn constructed a mixed-use development that included retail, office space, and residential units.

If looking into that market, I'd suggest starting there.

I work on projects across multiple states and have a strong network of contractors.Regarding when to involve a contractor, if it’s someone you haven’t worked with before, I’d suggest waiting until after the inspection.

I'm expert at retail leasing and sales and commercial contract management. 

I have started my research on management companies in the area and will take your suggestions and learn more on this topic!