Her choice. 

Cash value life insurance can serve a purpose but it is not an apples to apples comparison and if you are going to have to make a choice based on your fact pattern you would go with the retirement plan.  

Well if its from a bank you do not have any choice.

If you think you could achieve higher returns by reinvesting that equity elsewhere, selling might be the better choice.

I'd suggest narrowing your choices down based on your long-term goals and what excites you most (sounds like hands on flipping).

Hey Ting,So even though the property and loan were under your name, the IRS looks at beneficial ownership, not just whose name is on the title.

There are many reasons why a cash out refinance is the better choice but there are a couple of reasons a Heloc can be used.

Same time, I can let her stay til the family find new home but afraid if she keep complain after lease is terminated.As I have another project, I am ok if they live quietly but what will be the choice if the lease is over and tenant still live there?

😀But I have to get to it since the right choice here doesn't seem to be that obvious. 

Having a single CPA allows for consistency in tax strategies and communication.However, there are times when it’s beneficial to get a second opinion.