Before committing to paying off the property, analyze whether there are ways to optimize revenue, such as better marketing, adjusting pricing, or upgrading the property to attract higher-end guests.Return on Capital: If you pay off the mortgage, the “return” is essentially the 7% interest you’re saving.

These areas tend to attract high-quality tenants and provide consistent passive income, which is a great foundation for building your portfolio.If you’d like, I’d be happy to share some insights about these types of markets and why they’re appealing to investors.

A combination of extremely tough long term tenant protections and the economics of short term renting being a lot more attractive. 

Build a system that attracts the right audience.

A skilled property manager understands tenant segments and their behaviors, which helps attract reliable renters.

A study recently completed showed that most squatters are attracted to two properties: vacant and those listed for rent stating 'for immediate occupancy' or vacant. 

For that time frame it would not make sense to turn it into a STR as there won't be enough time to establish a history to attract good vacationers.

Quote from @Miguel Del Mazo: Quote from @Jonathan Greene: Quote from @Miguel Del Mazo: We have 3 2/1 condos in our portfolio that attract traveling professionals (medical or otherwise) and a triplex that we essentially BRRR'd down to the studs.

The metro’s unique road system has attracted companies, including Uber, to test new automated car technology, bringing many high-paying jobs to the area.”

I've heard add 1-2% to your current rate, but it seems I could do a little more than that and it still be an attractive deal for the buyer.Also, I would like to find a loan processing company to deal w/ the payments & record keeping.