Far too many taxpayers draw up their tax return in their head without a real plan.

.: I would limit my losses by selling, unless the property is in a location where rents and values are increasing rapidly?

Im based in NY so even if month to month if she's been there 18 months I would have to give her 60 or 90 (cant remember off top of head) notice to vacate unless she doesn't pay. 

Required distros for tax consequence.At the same time I kinda snicker a bit since the buyer... the investor... thinks they found the next Apple or Tesla investment (and they are clearly the smartest in the room), and then go off the rails when it all goes south, I can't help but shake my head and have a small giggle.A fool and their money soon go separate ways, Yes, but don't you wonder how they got together in the first place?

    - Curios about STR's - Located Grand Rapids MI -WANT TO START A REAL ESTATE DYNASTY I see myself as an advantage player in the real estate game as I have a few helping connections from my current business and a lot of knowledge on improving homes, managing clients, and building a business.  

So here is what it boils down to: If you want to live a life of the 2%, then get your head wrapped around ignoring the chatter of the 98%....... 

I don't think I have an exact formula for this but its math I find myself crunching in my head a lot.

Ultimately, I'd like to have 3-5 paid for properties heading into retirement at 65.

You have experience with good performance results (I am assuming) so that could help drive approval on a DSCR loan.Also, you could just keep saving and waiting for the interest rates to head back down.

Have them in writing, not just in your head.