Fatal mistake to buy that on the forward curve.My recommendation would be to get out of this position; the STR is in an extremely oversaturated market and the underlying asset is a clone of many.

It's probably best to have them pay out of pocket for a smaller cost like this.

This coming weekend we were thinking of come out and checking the neighborhoods of few zips where there were houses we liked on MLS.

If you haven't already, let me know if you want to look at any cash-out refi options for your short-term rental.

For example, we do background checks but no proof of income/employment check.

Now I'm just trying to get out.

I hope it works out.

First off, the cash-out refinance requirements have gotten tighter w/ the "seasoning" period.

Here is a comprehensive guide to help out-of-town parents navigate the process effectively.1.

Michelle Wang,With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e.