Since you're not even sure if you want to be a landlord then take the bulk of the money and pay off any debt. 

Also, Padsplit will want you to eliminate any dining room, den, etc to add more bedrooms. 

People who have more properties tend to eliminate the manager and bring it in house.

Opportunity Zones are designated distressed areas where long-term investment and development are encouraged.3 Reasons Why You Should Invest in Opportunity ZonesDefer or Eliminate Capital Gains Tax ObligationsWhen investing in Opportunity Zones through a Qualified Opportunity Fund (QOF), you have the potential to defer your capital gains taxes.

So it really comes down to risk management and how comfortable he is with debt.

2> Terms and best practices: What are some ways to better set myself up to qualify for long term debt service products?

Now if rents can go to 1,100, different story.Value is based on Net Operating Income, and lending is based on Debt Service Coverage Ratio.Gino

We can help you with those pain points via virtual assistants and AI for guest communication, which effectively eliminates about 90% of owner required communication.

How about reducing or eliminating quarterly payments?

DSCR stands for Debt Service Coverage Ratio, which is a calculation that determines if a loan's income covers its annual debt service.