I didn't read everything, but I was thinking along the same lines as you were. I have 100acres, I have a pop up camper...as a bachelor, woulda done it in a second. A wife and 3 girls under 5, laughed at me in such a way that I feared for my life. Then I saw a potential opportunity renting my SIL's house. My MIL/FIL are selling their house to said SIL and were planning on splitting the lot and putting up a tiny house or renting the upstairs until they retire in a couple years. SIL decided she'd make too much bank renting her current house out at market price (more than my current mortgage for 2-3x more house), compared to what we discussed...so no dice. So ultimately decided to refi my house again with a cash out. I'm dropping another 1/8th of a percent since December, taking $50k out, which keeps principal below even what I originally paid for the house 4.5 years ago, and could probably go another $75-100k if I really wanted to push up against the 80% of home value. I'll be restructuring some debt, and really wouldn't be looking at buying anything at all home/property related for a while. Only reason I did it was because it's essentially free money to repay at my leisure at this point, didn't need to, just consolidating a couple different payments and dropping 6% rates to 2.7%, and I'm not hurt unless the market tanks below 4.5 years ago pricing.