This would pay us back less than we were owed but still enough to come out whole.We all tried to negotiate a short payoff with the second-position lender, who foolishly demanded payment in full.

Feel free to connect with any questions!

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

But it seems like 'nothing' comes for free.  

We work at real estate to create the assets and income we want and need to become financially free.

I am exploring options - sell his place, use is as a rental or take some equity out if it to purchase another property (I was thinking maybe a short term rental on the lake)?

Investment Info:

Single-family residence commercial investment investment in West Sacramento.

Purchase price: $500,000

Cash invested: $100,000

AirBNB in West Sacramento

If you're ever looking to chat more about investing strategies, or need any advice as you start your journey, feel free to reach out.My plan is to kick off my investing journey this year with my first live-in flip.

I'd focus on deciding what you want to do (flip-high risk, but potentially high return...or large loss; short term rental-more work, but higher return than long term rental; long term rental-less work than the other two, but lower return).Once you've decided which you want to do, then focus on getting the best house to meet your goal. 

My wife makes fresh sugar free strawberry and strawberry/raspberry jams each year so we put one of those in there.