My wife and I normally have 30K in our savings and checking accounts. However, this week we have 175K.
I ended up doing a cash-out refi on a rental property. I got a slightly lower rate from 4.7% to 4.625%. My payment increased from $985 to $1575. Rent is $2200/month. I pulled out 145K, so we now have 175K in liquid cash. It felt pretty cool the first week, but now it just feels normal. We are looking at purchasing a primary home with the money. If enough money is left over we will be looking at purchasing a 3rd rental property.