Sorry, I'm guilty of "merging" the individual cases as the differences weren't that great.
A: IP worth $200k, loan $100k, 1 good job, 1 studying for another year
B: IP worth $180k, loan $150k, 2 good jobs ($70k ea)
C: IP worth $200k, loan $150k, 2 ok jobs.
Only A could extract some equity from...