I've established a very stable  I've determined that local properties should be my first choice and by local I mean within 1.5 hours of my primary residence.

We opted for option 3 for the safest bet in a stagnating market and tight funds.

You could have made the choice to capitalize them but likely not.

Bite the bullet and replace it Cheap probably was not the best choice of words for some people. 

I am betting that there aren't that many STRs that offer a setup like that in your area. 

You made good choices with the books you're reading!

Local HML if rates are competitive to me would be a better choice they will help in the buy decisions and keep you from making a big boo boo.

You might not be able to get the full amount you were wanting back in the cash out, but I am willing to bet you could get something if you own it outright. 

@Darrell Kirby no approval is necessary.go to: https://www.michigan.gov/mshda/rental/housing-choice-voucher...https://www.affordablehousing.com/list-your-property/

They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.