We were just trying to explore all options.

So I don't think there is much value to exploring that angle.That said, it happens and the question is what is your risk tolerance.

This article outlines the staggering amount of dry powder (i.e., capital committed by investors that has not been invested) that is just sitting there, waiting, looking to pounce on a decent deal.

Now I'm exploring options to pull value out for more investments!

In this article, you will be able to get a good idea about whether it's better to build new or to renovate the existing property.

Free article link here for the Pearson Ranch Development in North Austin, site plan photos included as well:https://www.kvue.com/article/m...

This does help give me clarity as we explore our options.

There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, the Bigger Pockets blog features links to their fantastic podcast and many great articles: https://www.biggerpockets.com/renewsblog/

I wrote an article about this a while back you might find helpful: https://www.biggerpockets.com/...It references an old study from the 90s, but I think it's still more or less true and a good starting point for this discussion: In 2003, the National Association of Realtors came out with a study on the characteristics that increase and decrease the price of new housing (assuming all other characteristics, i.e. square footage, remain the same).

You may want to explore selling the property a little earlier with your accountant.