According to your numbers, I would say to keep it as a STR but as a few others have said, look at different vacancy rates as well management fees.

All well and good.

I work with investors in Huntsville, and there are big things heating up here, as well.

However, as curiosity prodded, I looked into the degree that it is prohibitively expensive to consider just filing as a security anyway, irrespective of the pros and cons.Basically, I searched for "what are the costs for registering a security with the SEC" as well as "what are the costs for registering a syndication as a security with the SEC"Most the results produced explained something to the extent that the fee was about 150 bucks per million offered, without any other information on what would validate the explanation that filing a syndication as a security is prohibitively expensive.

I am learning in the real estate business as well but in the Kentucky/Tennessee Market!

The main thing being: giving up a property that appears to have appreciated pretty well is just a touch pill to swallow and I've regretted a few moves I've made when put in a similar situation to yours, and I had less equity in mine.It sounds like you're moving to Raleigh in the near future and want to buy a multifamily to househack.

U can ping me I have a friend their in Honolulu that may look at this as well. 

Also, you can get a HELOC on your primary residence and use the proceeds to purchase investment properties as well.

Well, how much is the lot for sale for?

Other lease provisions may apply as well, such as prohibition against causing the LL to incur fines and damages.