Yes. the original lender probably will not but a new lender may- there first question is gonna be what is your exit strategy so be prepared to answer that question.

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

I believe Pricelabs is offering a pricing strategy and market analysis info more in line with hotels, and that might be a good tool for you to look at.

Maybe do the by the room strategy, or STRs.

Thanks (again) for sharing and being so forthcoming with your strategies!

Network with local investors, undertake extensive due diligence, and develop a clear exit strategy.

As a 100% disabled veteran, I’m exempt from property taxes on such properties, which makes this strategy even more feasible.

It requires a solid understanding of real estate finance and long-term strategy. 

Interestingly, though, people who have experience with STRs seem more likely to pivot to the MTR strategy once they realize how much easier it is and how well the renters treat their units.

That would be called the BRRRR strategy - there is endless info on that strategy here and on the podcasts and in the BP bookstore.