The choice between maintaining liquidity versus reducing debt will largely depend on your priorities and future investment plans.As for subdividing or CPRing the property, there are several advantages.

- I maintain my W2 income job- My wife does the primary amount of work on the STR and logs 150+ hours in a calendar year (I see 100 hours listed in some sites, and 150 in others...)- We file our taxes as joint / married- Her tax deduction benefits from qualifying as a real estate professional from the STR can offset my W2 income. - She can use REPSTRACKER for thisI then of course have a plethora of other questions in terms of book keeping (tracking all purchases etc...) but I will save those for another time unless someone has the best offline resources I can start to learn from? 

Yes.A well-maintained investment attracts better renters who pay on time, stay longer, and take good care of the property.

The U.S. economy added more jobs than expected, which signals robust economic activity and pressures the Federal Reserve to maintain higher interest rates to combat inflation.

The downside is that 10% of the people do 90% of the work to maintain the community.  

Of course like many gurus the basic training is fairly cost friendly, but if you want to join the "elite" group or whatever they want to call it, there's plenty of money involved, often $25,000-$50,000.   

With a free and clear rental property and a solid equity position, you're well-positioned to leverage that equity effectively.Evaluating Your OptionsCash-Out Refinance:Given that you want to maintain a conservative leverage ratio of 50%, pulling out $110,000 from your property makes sense.

That seems fair because they probably balance out to somewhere around $30-$40 an hour, which is a good wage for cleaning.If they don't like that, convert to paying them an hourly rate based on your market and pay them for the time required.

Hind sight I probably wouldn't have but now it's fairly locked with them for a while, which is fine.

Beyond those avoidable expenses you will incur, how did you fair with liability protection during the renovation process and  into the future with your acquisition/renovation thus far?