If they’re open to living elsewhere, keeping the property as a short-term rental seems like the more profitable long-term play.If you’re enjoying the self-management and the demand remains strong, I’d lean toward keeping this property as an STR and exploring ways to add another.

Quote from @Obed Calixte: There are a ton of free tenant applications online and through property management software companies such as turbotenant, rentspree, zillow etc.You will want your application to meet any state specific guidelines (if applicable). 

What if any property management software are you using right now?

STRs can bring in higher revenue but require more turnover, guest management, and keeping up with regulations.

I’ve been managing commercial real estate for about 10 years and want to start investing in real estate.Outside of real estate, I enjoy golf, live music, hanging out with friends and familyExcited to learn and connect with you all! 

Quote from @Nick Am: Hi All, I have 2 multifamily rental units that I entirely self-manage.

My RE investment strategy is BRRRR for multifamily units paired with Section 8.If you are contractor, property manager, real estate agent or anyone knowledgeable about Section 8 feel free to message me or refer me to anyone you know.

Since we are two people, we can manage the negative cash flow together.

However, my true goal has always been to develop, buy, and manage real estate—something I’ve dreamed about since I was 12 years old.

For small MFH/SFH you have to find the deal, inspect, estimates and decide what to do, make a deal, get financing, get contractors, manage contractors, pay contractors, then turn it over to a property manager.