The wealth has just been transferred into a different asset/instrument. 

See page 7, paragraph 6 of this next link; this is excerpted in a quote below:https://www.efanniemae.com/sf/formsdocs/documents/secinstruments/doc/3039w.docOriginally posted by PENNSYLVANIA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3039 1/01:6.Occupancy.

We use Schlage locks and Lynx automation, so it will be different but I think I can still shed some light on how we set it up as I imagine the locks and software can operate in similar ways. 

I like it a lot, because you can automate all the check-in/out emails with the guest also. $30 sounds way too cheap to get someone to go out there at a particular time of day, every day you need it. $40 also doesn't sound super compelling, considering what needs to get done. 

Just like Bonds, ETFs, Foreign Stocks, CD Ladders, et al... almost any instrument you see suggested has an equivalency in real estate.

These instruments are a deed, note and mortgage. 

What we're most proud of is our ability to automate the entire process where the time it takes to manage this property is roughly 2 hours per week on average - pretty easy!

I switched to electrical and instrumentation when i had kids for the insurance.

As far as whether to cash out or parlay equity into other financial instruments or avoiding taxes or paying taxes or deferring taxes or market appreciation on X many properties or how many millions they’re worth are really questions only you can answer going forward since only you know what you want, and only you really know what it’s gonna take to get there.

Personally, I dedicate all my funds to automate towards certain accounts to prevent myself from overspending or dipping into savings.