If you approach the conversation by first finding out their goals, then you can back into a strategy that will work for the both of you.

inheritance How did you find this deal and how did you negotiate it?

It took us well over a year to find the property we're buying.

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

Maybe find a vacation rental that can have personal value for me and my family as well.But more so the attraction to selling would be to pay off higher interest debt (and thereby replace some of that warehouse income).

That discussion pushed me towards ground up construction, where I finally find myself today.

That would be the best move for you to find good contractors and reliable ones for your projects.

Get to the table, find out it's not a cash deal that the terms have changed to a mortgagee.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).