Your best bet is to continue going to local real estate networking events and speak with landlords and investors.

I bet dollars to donuts you will look back in 10 - 20 years and wish you had kept that home.Why did you sell? 

Your best bet is doing a DSCR cash out refinance with no seasoning if you can show you improved the property.

Financial Goals: If keeping the farm in the family holds significant emotional value, this can justify the purchase despite the initial lack of cash flow.Investment Strategy:If immediate cash flow and rapid portfolio growth are your primary goals, BRRRR properties may be the better option.If you can leverage the farm’s equity effectively, it could still serve your investment goals while preserving the family legacy.Ultimately, the decision hinges on balancing emotional value and financial strategy.

@Bob Asad investors in high-cost areas do this all the time, but I wouldn't.They are betting on both value & rent appreciation, but it is speculation.

I'm willing to bet dollars to donuts they pay below market rates.

Refinancing could help lower those monthly payments, or if it’s just not performing, selling might be the best bet. 

I'll bet she's lying to you so far......and you'll need to carry a pistol when you go meet with the water thieves, people don't like having their water shut off.

Also check You Tube... bet you can find a video showing you how to do it!

You can look on Zillow and such for what the LTR for your area is... but bet you it works out that the STR has more potential.