I'd be happy to connect you with some folks I know who can help you get started on the right foot.Best of luck with your first investment property—looking forward to hearing more about your progress!

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

Now, I have not tried this but in practice I see no reason why I could not use a service (Plastiq, Venmo?) 

After years of research and deliberation, my wife and I determined to start our real estate portfolio in 2025.

I'm doing this exact thing right now- I've been pleasantly surprised by how many people in my network have resources, cash and interest in something like this. 

That drive is what sets apart winners in this game. 

If you are looking to pull more cash out I'd go with the second option.

You’re going to deduct the rental mortgage interest against your rental income and your personal mortgage interest (if allowed and more than standard deduction) against your regular income.

Generally I'm a fan of hold until you die but in this case you are earning low cash flow on a large amount of equity.

Agree 100% especially if they don't have capital and a capital sponsor wants 75% or more - something better than nothing especially when you don't have skin in the game