Make sure you have enough equity to pull out compared to how much left is owed on your property.

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

Get bids on the removal and cleanup, and compare that to a buyout amount.

Highlighting the STR revenue potential, especially in a prime location, could attract investors looking for both income and future appreciation.Steps to take:Prepare a detailed financial breakdown of the property's current performance and future projections.Include comparables in the area to show both STR potential and anticipated appreciation.Offer flexibility in the buyout terms (e.g., structuring it as an installment plan if needed).If you can’t find an individual investor, you might look for a property management company or real estate investor group that specializes in STRs.

I'm not familiar with investing in your area, but the insurance in particular appears very reasonable compared to the costs I see in OKC. 

Yes Art, you will be subject to UBIT to the extent of debt taken as compared to the property value.

Unfortunately you can only compare prices beforehand.

I know my 10x is paltry compared with what some here have been able to do with the information and relationship from this site.

Be sure to compare terms, fees, and interest rates to maximize your cash-out strategy and help fund your next property purchase.

It is unfortunately not made out of reinforced poured concrete and instead stone and mortar that could become loose from too much ground movement.