Aiming for each part of the business to eventually fund itself is a solid plan, and a real estate CPA or attorney could help fine-tune everything for taxes and structure.

If you plan to live in this home for a few years:Look at the time it takes to recoup your funds.

I have an occupied rental i am trying to off to fund a renovation if anyone is interested-1072 bellows!

And they let you do higher LTV loans on refis and cash out refi!

You have the right things to analyze here, but STR might be a tall order to do arbitrage unless you have the funds to go heavy on the furnishings.

You're already at 90% LTV so a HELOC will likely not be viable.

I don't want to say it's impossible, but I underwrite these every day and you need to be all in at 50% LTV which is probably a 1 in 100,000 deal on the market.

They collect the rent, deduct their fee and any other expenses they are allowed/required to pay on your behalf, then they distribute the remaining funds to you.It's critical that you review the property management agreement and understand what you agreed to.

Just curious, how did you get a 9-unit under contract without a pre-approval or proof of funds?

That's what crowd funding would do.