It's good to hear from you again.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

Assuming the place is in good shape, there isn't that much management.5.

But our NOI is very good right now so....and our zoning is for multi. 

I agree with the other contributor that it’s better to own a $1M asset that appreciates 3% per year that pays no cash flow (over the long term) rather than a $100k asset that appreciates 3% and pays $300 a month in cash flow.

The idea is to expect a negative cash flow, however bank on the growth to achieve a good return.

What really matters is how long you think you will have this loan. 

Lots of really good seafood and live music. 

If so, just make sure the fee does not exceed what a given unit might consume if they are good on their water usage.

Prioritize Communication with Your TenantsWhy: They’re directly affected, and maintaining trust is essential to prevent disputes.How:Sincerely apologize and keep them informed about the steps you’re taking (even if progress is slow).Consider offering additional compensation (like another rent reduction, covering temporary shower solutions, or a gym membership for shower access).Document everything in writing to show your good-faith efforts, this can protect you legally if tensions rise.2.