Tourism keeps short-term rentals booked, while long-term rentals offer solid returns at a lower price point with steady demand.

Everyone else I prefer they keep renting 😝

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Do they keep the loans or sell them off? 

A wealthy individual, a group of wealthy individuals, or a hedge fund is lending money, private money to strangers for the purposes of buying distressed, fixing the asset up, and either exiting through sale or refi.Just keep in mind t he relationship between maturity and interest rate. 

If you have a good agent at Networth Realty they will get you a fair deal and keep both sides honest.

I would keep as much liquid as possible and essentially get you to 20% equity or more by renovating the property. 

A property hoarder keeps properties just to keep them.

I think keeping it simple but nice is best.

I'll keep thinking on these questions!