If you bought under market, put at least $10k in rehab work you may refinance 75% of the new appraised value, (can exceed 100% of the cost spent, however there is a rate adjustment) 

PriceLabs is pretty good at adjusting to our season, but I believe it works even better when you adjust pricing and minimum stays, especially when it comes to mid-season months, very high, or very low season.3.

@Shawn Parsh- start with comparing  what a monthly rent on a LTR  for a  property likes  yours  compares  to  30 days of  a similar  property  STR  for a property like yours ....make  adjustments for vacancy  expectations and  expenses and compare

Vice versa, if you are just starting out, you might want to be more conservative to tackle any unexpected expenses that arise.The 70% rule is an industry standard, but that doesn't mean you can't adjust it based on your desired ROI.

I owe $40K on the loan & it has a high adjustable rate of 10.5% & rising ( started out at 8%).What I'm wondering is if I should sell or keep the property.

Contact the hotel directly to inquire about adjusting the reservation to include an additional guest.

I've noticed in Rent to Retirement's Pro Formas that they have both a 30-year fixed option showing those numbers and an Adjustable Rate Mortgage (ARM) option.

I was thinking there was a reason as a landlord to do this and make it easier to adjust rates since you are probably going month to month. 

Lastly, not to be judgy, but if you have credit card debt that you can't pay off each month then you probably need to adjust your spending habits too.

Prices may have adjusted, but my educated guess is that they have not.