However if you agree go ahead and vote on this post !

I then went ahead with the light remodel as planned and my wife and I moved into one of the units.

As I look ahead to the next 5 to 10 years, I’m at a crossroads and could really use some advice from this knowledgeable community.I have two potential paths I’m considering:1.Continue Focusing on Short-Term Rentals (STR):•My plan is to shift towards mid- to high-end vacation rentals with unique characteristics.

That's ahead of the curve.

We figured that he may be rushed in to the hospital one of these days and not be able to live on his own and that we would get the rental back so we can fix it up.

And Austin, I went ahead and shot you a message!

Speak to your CPA about this and also ask them about "converting" the funds to after tax funds so you can plan ahead of the conversions. 

Also, a heads up that a typical loan assumption will take 60 - 90 days on average, so be prepared for a long closing period.In our current market we have seen home values decline since 2020/2021/2022 so there may be some motivated sellers out there who need to sell but their loan is now greater than or equal to the value of their home. 

Jacob,If you do go ahead with the purchase, be sure to review the ownership interests in the property with your Insurance Agent to make sure that all parties that have an interest in the property are included in the policy. 

And create a clear picture for what is a head.