It actually saves me $9 per month. 

I'll send a PM with my contact info, happy to connect more by email/phone or in person next time you're in town.

Their property sat vacant for a few months while their guy "saved them money".

It may make sense to save a bit more and invest from a position of power.Keep in mind most helocs are adjustable.

This is great info!

If you are able to sell I'd say sell, if it's not looking like that's going to happen then try to get it on a long term loan with renters so you can save on your monthly payment, then get the equity back out and move onto something else!

I just want to get financable this year - pay off debt, save some $. 

Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.

Do you have savings besides that?

These individuals have often walked the same path you’re on and can provide insights that save you time, money, and stress.