You’ve just made a choice that having a paid off house is more valuable to you than having cash in the bank.

Right now it is required and not a choice for any work requiring a permit.

Book smarts make interesting dinner conversation; street smarts make money.

If they choose to gift it back, it would be their choice.

I am also with a small brokerage and even though I may act as a buyers or listing agent occasionally for others by my own choice, my main focus is buying and listing my own flip properties.

Actually, it was really smart on his part.

Three of the units are presently rented out, and while the rent isn't provided in the listing, it's safe to assume the rents are likely around the $1,000 to $1,300 range based upon comps in the area (I would personally assume on the lower end, but I could so very easily be wrong). 3 of the 4 units are rented out, with the fourth being purposefully left open in the case somebody wants to owner-occupy (how smart!).

Yes want good rates, but that is more like a pre-requisit than the main criteria.Sellers and their agents will judge the strenght of your offer by your choice of lender.

Also having a backup solution is smart.

Denton has lots of choices, older homes, some run down areas waiting to be restored, student housing options etc.