There are still some deals out there. 

There is another STR owner in this community I've talked to, and he's been doing it for 1-2 years and he said it's still been a real pain to deal with. 

I spoke to them about 1.5 months ago and since then they have been non-responsive that makes them look like not the real deal and I'm wondering if they are still around and active and good?

Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

Modular, on the other hand, which I also deal with, you can do a mod and put it in the city limits but would cost as much or more as a stick built, more if you go with a two story.You're much better off going with an existing duplex

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

I’m also a proponent of always having at least two “shelf” LLCs ready to go for deals so that you don’t run into delays or roadblocks when opportunities arise unexpectedly.

They are a bad deal for homeowners and a terrible deal for rentals. 

Otherwise, I’d save my cash for the next acquisition.I’d also be posting on every social media platform and telling everyone I knew that I was looking for more real estate deals.

@David RutledgeGreat move holding onto that 3% rate while leveraging your equity for another deal!