This is especially helpful since your goal is to replace your income and invest full-time.Market Timing: Bend, OR, has seen strong appreciation, but if you believe the market is peaking or stabilizing, now might be a strategic time to cash out.Cons:Losing the Low-Interest Loan: Your 3.1% rate is a huge advantage in today’s environment.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

I would suspect once investors digest the higher rate environment and some of the hurricane damage is moved inventory will settle out in neutral territory. 

It’s also worth diving into local regulations and HOA rules—they can shift quickly in coastal markets like this.

Keep in mind all this stuff is uber regulated, very detailed, far from simple.

Urban areas can definitely be tough to gauge from a google maps search because environments are street by street, block by block.  

In my experience, a property with multiple cottages and outbuildings can provide all kinds of creative strategies...some folks try short-term rentals or even specialized retreats if local regulations allow.

Installing thermostats with regulated heat control (we pay heat) 3.

I know life isn’t always fair, but these laws and regulations are outright oppressive to landlords.

Make sure you thoroughly know how the regulators view the way things are being done, before committing to a "creative financing" technique.