Our STRs are all booked for the holidays majority wise but the one week that is slow across the board is the week post-Thanksgiving.

Process this, and be take the next steps wisely.

Thank you in advance you any help or wise words of wisdom?

They have higher appreciation, better tenants and great long term wise.

Quote from @James Wise: Quote from @Mackay Oakey: What are your REI goals in 2025?

The short version: save money while educating yourself on how to invest in real estate wisely, buy an investment property, learn how to manage it well while educating yourself on how to manage it better, save money . . . rinse and repeat.You don't mention where you are (education, income, experience, etc.) or where you want to go, so I can't tell you how to get there.

•Use this funding wisely for investments like property down payments or marketing.5.Network & Learn:•Use Year 1 to build a strong team (agents, wholesalers, portfolio lenders, contractors, etc.) and deepen your knowledge of the market.

numbers wise vs converting a house into a padsplit.

Beyond being difficult to make the numbers work, it's just not a wise strategy IMO.

I also assume you do not have ample cash, so reserves would be even tighter and you'll be bleeding monthly on it cash flow wise.