If you’re exploring your next investment, it might be worth looking at markets where price growth is steady and flipping opportunities are strong.

I'd have them sign my own lease on renewal and I'd make sure I had enough information on them so I can go after them if a legal issue arises such as employer and other similar data. 

Here's a link to the data:  https://mred.stats.10kresearch.com/infoserv/s-v1/vwxD-yIT2.

Louis Fed shows the delinquency rate on residential single-family mortgages, and proves there's a way to spin this data to show that delinquencies are increasing rapidly.

You should always protect your position, make sure everything is in writing, and don’t hesitate to explore the full value of your deals by marketing to other buyers.

I’m happy to share more data if interested.

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

I’m thinking I can explore a home equity loan latter when I am ready to invest again.

After exiting that business, I began exploring innovative solutions to the growing senior housing crisis.

To navigate this, consider options like keeping your current home as your primary residence while house hacking a multi-unit property, using the HELOC funds strategically before moving, or exploring alternatives like a bridge loan or cash-out refinance.