In real estate, I don't change locks, screen tenants, evict tenants, inspect properties, or finance my deals - I have property management, property inspectors, and mortgage lenders that do this for me (outsourcing).

They aren’t able to get a mortgage themselves so they would provide the money while the mortgage and deed would be in the others name.  

Those that could afford the huge mortgage bought a primary, built ADU and did STRs or MTRs in S.F.

And your bank is not requiring any sort of paydown of the mortgage for a partial release. 

Then consider your ADR/nightly rate.

As it relates to habitation exposures, it appears that there may be a leveling off in premiums, rates, and deductibles here recently, but there's so many different variables that it's really hard to make a blanket prediction for 2025 (or the future). 

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage. 

I am bullish on the FHA 203k and home-style renovation loans that allow you to leverage the cost of your renovation as part of your mortgage, which is just an insane deal, in my opinion.Do you have a specific area where you want to purchase?

There are many STRs that do quite well in the suburbs of major cityies Off the top of my head, I can think of one of the STRs we manage that is 40 mins outside of Dallas and it has a great occupancy rate.

I was not comfortable with the market and interest rate conditions, so I elected to hold off.