. :-) My goal is to buy my first property in either of these two markets.

It depends on your goal and objectives.

After devoting 80+ hours weekly and never feeling free of school responsibilities I chose not to return but met my goal to earn a small pension when I turn 62.

This may appear to be a lofty goal but I am hoping with some advice from all of you and hard work I can accomplish this dream.

The goal I am working toward is the cash out refinance and knowing that the bank can't call the loan due gives me some peace of mind knowing I can shop around and not rush the refi.Thomas S. - I could certainly pull up to the 75% LTV limited by the cash out refinance rules.

Goals!

@Miles StanleyI agree with @Brent Coombs the idea of BRRRR is to get most of your Cash back to start a new purchase.The goal in BRRRR is to purchase distressed properties at a discount, force appreciation (rehab) and use as little of your own cash in the process. 

I do property management for others if the fit is right.

What are your real estate goals?

You need to see if that margin meets your investment goals and can give you enough contingency for a major repair if and when it happens.