Someone isn’t telling the whole story and I suspect the fin advisor didn’t look closely enough to see the obvious BS.

The primaryhome has 1st, 2nd, and Heloc. $915K on $875K value (probably wishful value thinking)

The 1st and 2nd add to $816K. We’ll get back to this.

The Pinkdawn investment is a $400K with loan of $298K. It’s most expensive at $3159. That math doesn’t add up unless the loan is at 10%. That’s provided you assume taxes are in the $3159 and HOA fees of $300. Without taxes and HOA fess, it requires a rate of around 12.5%

The primary house is worse, that first and second at less than $3159? Means the primary and likely 2nd are both teaser or option ARMed. Combined, they are under a 2% interest rate not including taxes.