Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.

You didn't write how much 'sweat equity' you put into this place, but it was likely well worth it given the $400K cash out.  

You need to remember that, hopefully, this is a long-term play for you, so work with a trusted STR designer (I have great recommendations), and spend the money upfront so you can be the most successful in your area.

From what I remember it was focused on Smokey Mountains. 

P.S. sometimes it's more stressful than fun, but the rewards can be enormous and are worth it.

Fannie & Freddie could be a great option for you but they have some strong requirements, Net worth, experience, liquidity, DSCR just to name a few.Happy to connect & see if that product could be a good fit for you.

And if it’s worth it?  

As you purchase more, your net worth will go up more quickly than the savings in interest with the other option.

I have a seller who wants to sell a house that is worth roughly $830K. 

Net worth and cash flow