The cash-out refi would have increased our mortgage and eaten up pretty much all the expected cash flow from our rental. Owning two houses with very little spare cash also made me feel very nervous.

We threw all our savings into the new house down payment and then decided to sell. Our house had some nice upgrades that might have deteriorated over time with renters. So we sold and cashed out the equity, which left us with 6 figures more cash than we had before we started this entire process.

I know cash isn’t the best thing to hold during inflation, but we can put it to work in other areas rather than being a landlord and putting all my net worth into real estate.