Are you looking to invest into a passive vehicle or are you able to utilize the funds in more of an active capacity?

The last time I looked, a $1 million policy was about $200 a year.

Keep looking for a tenant - also have they already paid you through the end of he lease or you still have to collect ?

I'm looking to build 2 spec homes at 2000 sqft on stilts.

I also learned about what to look for and how to use data to style a home for the purposes of a STR.

Look forward to learning and connecting with the great people in this community! 

Looking forward to connecting.

Refinancing isn’t an option yet because of the way we purchased it (unless someone has a bank that will look at the deal differently) our original plan was to pay off our balloon in early 2027 when it is due which the bank will treat as a purchase and then we would wait until we are able to refinance so probably 2028 and then we could pull out a good chunk of equity at that time.

Hi Nick, it depends on your goals and what you're looking for.

Quote from @Virginia Frost: I'm always looking for a good opportunity but honestly my next purchase will probably be something that I don't have to do a total overhaul on.