I'm unsure if you would be able to combine both loans given that the HELOC is tied to a different property than the one you got traditional financing on.A work around is if you are able to purchase the new property with the HELOC at a significant enough discount, bring the property value up via renovations or additions, then refinance the property, pulling out enough money to repay the HELOC. 

The landscape is just different than even the last 3 years with people making bad calls but getting saved by significant appreciation. 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I'm guessing you got the same letter I received from REVA, although mine was in reference to a different DST - Reva One. 

Completetly different markets 

There are so many different strategies within the venue space that I am surprised also that there are not more investors talking about it. 

There are 3 different types of units, studio, 1 bed, 2 bed.

A friend of mine in San Antonio had a similar situation.. she inherited a vague commercial lease and learned that the rules differ big-tiime from residential.

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

According to your numbers, I would say to keep it as a STR but as a few others have said, look at different vacancy rates as well management fees.