Incredibly powerful but just know that money is earmarked for their retirement.

My concern is selling now and later regretting it if our kids end up here and it’s priced out.Options I’m weighing:Sell within the next year and use the §121 exclusion.Pros: harvest tax-free gain; redeploy into 3–5 cash-flow rentals; simplify; diversify.Cons: lose the “legacy house” in a prime area; potential regret if kids want to live here later.Keep and re-rent for cash flow and appreciation.Pros: maintain foothold in an A location; optionality for kids later.Cons: likely forfeit §121; future sale may need a 1031 (adding timing/loan complexity); modest cash flow now.Hybrid ideas I’m open to:Sell now, earmark funds in a conservative bucket to help kids buy later (if/when they move back).Sell part of the equity via HELOC/portfolio loan, keep the house, and still buy rentals (trade-off: leverage/risk).Move back in later to re-start the §121 clock (understanding holding costs/complexity and tax rules).Questions for the group:In a scenario like this, how do you weigh tax-free equity harvesting now vs. long-term optionality in a blue-chip location?

there's generally not a wrong way to do it but yes you should have funds earmarked for a rental incase of exactly what you just experienced. do I understand correctly that for your 8 rentals you have 20K a month in payments?

That was the only production schedule I was given even though I specifically earmarked the buildings I was purchasing in the project.

Cash: If you’re saving for capex, it’s best to keep a separate bank account so funds don’t get commingled / earmarked for other expenses.

Set aside 10k for EFb Another 10k earmarked specifically for REI capital2.

Both options are good, but ultimately it may depend on location, opportunity, and how much money you're able to save up and/or are willing to earmark for repairs.

Because that can be a stumbling block for some, the financial seed capital needed to get going, and what to earmark it for in the budget.You don't need seed capital to invest in RE, you need to have or offer "value."

This route works well too — especially since you’ve already earmarked capital for investing.Ultimately, it comes down to urgency vs. comfort.

I have transitioned one STR to LTR and am now planning on selling some land that we had earmarked for STRs.