although to fall to 592 I would have to think you have some lates or something.. but anyway.this is why HML exist in the first place or PML they are both the same. once you get this straightened out you may want to consider using those company for your debt if your going to refi and keep these. 

Overall, the rise of average daily rate and occupancy rate has slowed down, while the number of listings has continued to rise.All in all, the STR market is settling into the trajectory it was on pre-covid, not falling off the face of the earth.

It's easy to fall in to the trap that everyone else has better resources or opportunity, but that's simply not true. 

Florida is having a reckoning with prices, unless you're an all cash buyer in primo Miami most of the FL coast is a falling knife.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

Down fall is now all of the equity i have is split into the (2) properties and would make buying another property in the future a little more difficult. 

We often find opportunities to make Conventional work, which means a rate that's likely 1% less, no prepayment penalty period (most but not all programs have such), less risk of the deal falling out due to a low rent estimate from the appraiser, and less chances of your offer getting rejected due to it being "other" type financing.

I am trying to develop a long-term default financing strategy to fall back on before making my first investment, and would be thankful for any feedback which could be given for the one described below. 

Once you get the majority of the rents to market value, you can refinance out to a DSCR commercial loan that never falls under the fannie mae rules. 

A DSCR loan should never fall out even if its rural .