And what is your plans in the future ?

Are you planning on holding for the foreseeable future once you complete the refi?

Hope to see you at future meetups.

I'm new to this community, though I've been listening to the podcast and reading the classics on and off for the past few years.I'm here to learn, connect, share & potentially meet future advisors, mentors, or even partners, and add value where I can.

If the $9k is your actual free cash, that's still not a lot, particularly for any future issues.

The last thing you want is to give notice, bring by potential future tenants, and find out the place is a disaster.

My plan for years has always to buy a property that not only helps pays the bills, but also will provide some extra income in the future.

Home is in a good market with public schools and high demand.Option 1: Simply sell home, downsize and purchase a smaller home and invest spare cash (pros: hassle free and homes are getting top dollar in the area, cons: feels like there's a lot to be leveraged with the home and would be missing out on future appreciation to "keep property in the family")Option 2: Rent the home and take HELOC or REFI to take out equity for smaller home purchase.

I believe I was trying to articulate that it may be easier to get more desirable financing in a shorter period of time in the future with a short sale than a foreclosure on your credit and that a foreclosure on ones credit is less desirable.

I just know if i don't start ill regret not taking a shot at my financial future.