What is the interest rate on borrowing compared to the rate you are earning, then take into consideration the tax consequences. 

A great lake front home doesn't have to cost a mint but it sounds like you want something that is really fantastic which will bring a higher nightly rate.

I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?

However, other factors will matter, and the rates of taxation are different for different components of this Step 3 result.

Across the remaining portfolio, I have a really good amount of equity which I can tap into based on opportunities but need to finish cleaning up my personal debt prior to going that route to get best rates etc.

@Asim G. if owners weren't so short-sightedly cheap, PMC's wouldn't be doing this!

As per the TK provider business model, property was bought cheap and rehab done (work provided).

One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.

I imagine this isn't cheap but I don't see another way.

AirDNA shows it on the rise in terms of annual revenue, occupancy rate, average daily rate and revpar, with about 3,000 total listings.