Also, keep an eye on mortgage rates, as they can impact buyer demand.

I want to avoid dipping into my retirement because I’ve run the numbers and even just pulling out $500k for down payments absolutely kills the compound interest and makes a material impact on future net worth.

What financial impact is the sibling?

On the downside, if you sell, you might face depreciation recapture, which would be taxed at a higher rate.Have you done tax impact analysis on both of these cases?

Make sure you know the impact that adding an ADU will have on any rent control. 12) investors seldom include the land value in the overall ADU costs.

This is an important enough detail that is quite impactful if missed.

That makes late payments less impactful on  e, but still emotionally draining.  

In short - here are the reasons I pivoted to Real Estate Investing:All the benefits of Real Estate + growing STR optionsInflation raging at 10%/moCurrency wars and what or who will win them (Prec Metl or CDBC, etc.)Equities markets receive derivative pressures from credit markets and pressures on US dollarRealistic 10+ year opportunity in using Creative Financing, given monetary policies.Global disruption and impact analysis of COVID to businesses (small/large) and individualsWhat I was (originally) looking to get out of the program:Better understanding of Real Estate and it’s MarketLocally like-minded ppl that are more about collaboration than cannibalization (not reflective of BP in any way – this community is great too)Improvement in comfort level working in REI and learning “on the job”A community where I could find deals, connect with ppl for help and ask questions, etc.Business and Corporate Structure recommendations to accommodate short-term & long-term investment strategiesAnonymity strategiesAccess to vetted contracts for traditional, creative and gator (EMD) Real Estate dealsMy experience and feedback based on my expectations:Great original 6 week mentorship program.

A cash-out refinance typically doesn't count as "earned income," which is the type of income that would impact Social Security benefits, especially if it's related to retirement or survivors' benefits.

Rethinking density limitations like building height, parking requirements, and ADU permitting would be more impactful.