They will provide a security deposit and first month rent immediately so we cancel the open house. 4.

I would throw those calculations in there as well in case you decide to sell in the next 5 years.

Chad talked about the security in real estate (as opposed to stocks).  

If you can make money at 75, standing your ground at 60 over 62 is throwing out 13K over emotion.

@John Merritt   Remember transferring property involves to things: transferring the deed which transfers ownership of the actual property and the security instrument (mortgage, security deed or deed of trust) which shows who is on the hook for the $$ borrowed. 

Why not save the money you would be throwing at the principal and invest that in your next deal? 

@Jay Hinrichs @David ZhengI'll cash in on the Lambo when the wheels fall off my civic, or if they throw it on the section 179 tax code ;) Nice wheels though.

Or, they can demand a higher security.

There are very nice cities just a stone's throw from Atherton or Palo Alto where the price is half of that. 

Have others been able to secure a HELOC from their portfolio.