<prompt> Human: As a software engineer, I managed to scrape together enough to buy a condo in the bay area a couple years ago and it has appreciated by almost 100k. My family is outgrowing it and looking to buy a new home but I cant help but feel like selling our condo is a bad idea. The interest rate is only 3.5 so I am trying to figure out a way to pull the new equity out of my condo to afford another down payment and then rent out the condo to hang onto it as an investment. Does this seem reasonable or am I out of my mind?Assistant: Not to sound pessimistic but unless you have 6 months worth of funds set up to pay double mortgages.. you are one layoff away from getting either of your house repossessed. Put your money in REIT and save yourself the hassle. Human: I dont have anything like that, but if something were to happen, I would just sell the property rather than letting it get repossessed.  <response>: There is a lot of ifs to this. And assuming you can sell the property fairly quickly may not go as planned.Some things that come to mind that might happen. 1. You have a tenant, but doesnt pay rent. California has some pretty strong renter protection laws. This might be a setback. Not sure if you can sell the house because someone is in their and you are going through the eviction process. 2. Downturn of some sort on top of the layoff causing property values to go down. 3. It takes forever to sell the condo for any number of reasons. 