What is quality of all the tenants on existing and potential?

The current tenants are month to month and not interested in buying, and the existing mortgage balance is assumable (3.65%) for qualified buyers.I know it's a great house -- and with the assumable mortgage -- a great buy for someone looking to save with current interest rates sitting as they are. 

This would be a concern for the existing property and any other turn key you may find for STR. 

IMO if I had to sell - I would contract for deed so I retiain title until the debt is paid off or at minimum a wraparound note on my existing debt and have the investor personally guarantee this coupled with a deed in lieu of foreclosure (now the investor has skin in the game if they default). 

Hey @Justin Brown, what @John Underwood said is spot on.SLC has been restricting STRs for a long while now and it isn't going to get better.People who have STRs in areas where they are not allowed are breaking the law and will eventually pay the price.Having said that, you should check and see if there are certain areas where it is allowed in some way and that is why they exist there.

There are other options, the $60,350 mortgage does exist, but you didn't say what the value of the property is, but the variable rate mortgage of 8.75% to 11.75% indicates several thing. 

Were you originally planning to just renovate the existing SF home on the property and live in it? 

You can offer to buy these properties and assume the existing loan.  

That said, I will still try to provide some “clarity”.Purchasing a property “subject to “ the existing debt can be done two ways.  

They exist but they are mostly for commercial properties.