While cashing out more equity might seem appealing, it will result in a lower cash-on-cash return due to the higher rate and LTV.

Obviously right now is a lower valuation, but there is always ways to take advantage of the currency spread. 

This situation has been incredibly stressful, and finding a viable path forward would mean a lot to my family.Thanks in advance for your help!

So, you might only have 3-4 outlets in the room when you are done instead of 5 but you have upgraded the electrical in the room at a lower price point.

It can be stressful without contractor connections, but the potential returns and ability to quickly grow a portfolio can make it worthwhile.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

Long term is it a good investment.ThanksHimatejaP.S: I believe the seller is going lower because the property has a relatively smaller pool/backyard .

This gets my mortgage payment barely at break even for LTR value, (could be negative cash flowing), and lowers to about a 6% CoC (with down payment, renov and furnishings' costs)About 1.5 pt lower than my goal and with an MAO $10K higher than I wanted.b.

We also get to enjoy our place as often as we like (the slightly lower occupancy rate due to our use is also a factor in being cash flow negative) and the negative cash flow is offset easily by the equity we'd gain, even assuming only a 2% appreciation on the cabin. 

So at the end of the 5 years, you are just treading water with the lower price point home, while you made headway with the other one.