There's plenty of hair stylist between here and there - and I would be some are cheaper than others too. 

An STR that is poorly managed may leave the PM without his or her portion of the income, but it may set up the owner to lose the property if that cash flow was needed to pay the mortgage.

Agree with the above posts; you can find cheaper options than ring or nest.

Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate. 

BTW $1000 sounds like a LOT OF $$$ Oh interesting, are the maintenance techs in-house employees, or are they contracted but at a cheaper rate? 

@Nick BelskyI'm not sure why you're generalizing the mortgage conditions in Belize to the rest of the area because they're very different.

At that three year mark the rent should be more than the mortgage.

It probably makes more sense to invest it than to pay off the mortgage but I can definitely see why someone would want to get rid of their debt. 

I am considering a HELOC on one of my rental properties which has a lot of equity (~350k) and a low mortgage rate.

If anyone has questions about:Seller financingSubject-to dealsWrap around mortgage dealsLease optionsStructuring deals with minimal cashI’m more than happy to connect and share what’s worked (and what hasn’t) for us.