Always consult with a financial advisor to understand the implications.

We just helped a Florida client with a ballon coming due at the end of the year on a jumbo refi, the borrower had some payment shock so we structured a ten year interest only payment since they plan on relocating within the net 3-5 years.

Make sure your financial modeling is SUPER conservative with a lot of stress tests.

My plan will be to purchase a vacant land with cash and finance the home build through a private money loan.

Question: I was planning on closing the business. 

I plan to live in the house for two years, renovating some.

Get one as you will receive stepped up basis for tax gain purposes.Next decide with your sister on the plan.  

Look at the plan of the university as well.

Sounds like a plan.

How long it takes to be financially ready is different for everyone.