It worked out well for me.  

That's a great approach in terms of starting with a 3-month lease. 

Luckily you are in a better position than a lot of folks.I like the idea of paying a neighbor kid.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

Is it hard to pull that type of cash out of a property?

We are a direct private lender headquartered here in Maryland but lending up and down the East Coast and out to the Midwest.

I'm making two assumptions here - it will take you a year to get the tenants out, and so you are cash flow negative for a year, and that year of negative cash flow is a lot less than the loss in sale price you will need to take to get it sold as-is. 

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

The bloated and wholly out of control Fed is long overdue for a “correction”.  

You have an STR listed on the Airbnb platform.Why not look at the design of highly sucessful STR'S in your area and copy some of the best ideas?