This is where my mistake comes into play.

Dont know where to start any suggestions will be great thank you For the 300k property they are probably not going to let you pull any money out based on the amount of credit you already owe.

I am unsure if I could purchase a property through an LLC/SL based in Spain and what would be the taxation using this system.

Across the board, the worse the neighborhood, the better the cash flow, the better the neighborhood, the trade off for tenants base, better schools, low crime, etc etc.

Is this ultimately a land play? 

We are based of course in one of the most expensive places to live yay to that.

He didn’t just answer my questions—he showed me how this game is played at a much higher level.

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.  

Based on what I currently owe and how high rates are this doesn't seem worth it to me.Does anyone have any advice on what the best way to do this is?

One I know is based in LA as that's a huge market of course..