Only time will tell.In my mind really depends on the assets themselves if you have true equity after you refi.. or its just refi equity which can be no equity.and for sure you have income to support some bad days or enough cash reserves or a few paid off properties that you can liquidate to prop up your cash. 

Thanks again for your feedback and support!

Again, my own concerns not supported by direct knowledge.  

I believe others should be free to act in manner that supports your belief system and situation.  

I'm not familiar with Miami zoning specifically, but I'm guessing you likely don't have the zoning to support more units.

We were able to purchase numerous off-market deals due to our network that we actively choose to expand.

We were able to purchase numerous off-market deals due to our network that we actively choose to expand.

But again, if rental season goes AS PLANNED, sure the sellers can take that $50k right back.Let me know if my thoughts are crazy, this is our first attempt at a vacation rental property and I have a young family of 5 to support!

That depends completely on your needs and what the property can support.

My bigger worry wouldn't be about buying a house that is still appraising for more than you bought it for, it would be more about selling the house you are moving out of and if that's necessary for the support of your family moving forward.Too many buyers, sellers, and investors are going into panic mode, and although the feelings are justified, most decisions made based on panic result in bad decisions for the long-term.