Hello Everyone,In the next few months, I'll be in a unique position where I can potentially pay off my house.

This would be minimum as that market is uber competitive and we suggest you go super unique!

Is there any unique features of it that help with overall operations?

Think of Sears, Toys"R"Us, Best Buy, CVS, Dollar Stores (600 Family Dollar Stores are set to close; 370 Family Dollar and 30 Dollar Tree), Walmart closed 11 in 2024 so far, Applebee's, Red Lobster, Stop & Shop, Rite Aid, Lehman Brothers (a 158 yr run), Bear Stearns etc.

A good deal could be that the upcoming vacancy presents the owner a unique opportunity to reposition and add value the property (basically finding a tenant that pays higher rent and therefore raise the NOI). 

Everyone's situation is unique and it requires analysis on your actual numbers.

Competitive pricing can lead to quicker sales.Highlight Unique Features: With increased inventory, make your property stand out by showcasing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and significant increases in active inventory.

If you can, making a cash offer can give you an edge in negotiations and a quicker closing process.For Sellers:Price Competitively: Despite slight decreases in the percentage of original list price received, pricing your property competitively can attract more buyers and lead to faster sales.Highlight Unique Features: With increased inventory, make your property stand out by emphasizing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and substantial increases in active inventory.

If possible, making a cash offer can give you an edge in negotiations and a quicker closing process.For Sellers:Price Competitively: Despite slight decreases in the percentage of original list price received, pricing your property competitively can attract more buyers and lead to faster sales.Highlight Unique Features: With increased inventory, make your property stand out by emphasizing unique features and upgrades that appeal to buyers.Market Outlook:Stability and Growth: The market shows stability with moderate growth in single-family home prices and substantial increases in active inventory.

Yes - you should be able to find a lender that is "AirBnBRRRR" friendly - most DSCR Lenders will require the full 12 months of STR history but a few that specialize in STR can qualify less than one year, typically with AirDNA projections or some common-sense mixed underwriting approachRobin, if we found something like the above would we be able to convert the property to a MTR or LTR if we wanted to? Yes