You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

My first mortgage was almost 11% and that was a good rate.

@Maynhia Stott  Baltimore has considered dropping to 12%.

"Buy the property, but date the rate!".

It's definitely possible to get a loan as a foreigner but the rates will be high(er) and the downpayment required will be as well.

An attorney recommended to drop it.

new construction homes everywhere. many people waiting on the fence. once the rates drop its going to get crazy again.

Quote from @Sean Kirk: I'm seeing what seems to be 10%+ cap rates on roofstock.

The fire insurance companies dropped policies holders when they knew the fire was coming, in some cases, they're not even paying the full amount, and there's the case where some people didn't even have insurance.For those people who just want to walk away from this entire experience, is it possible that  morally-driven wholesalers can help them in a situation where not only the California government failed them, but also the Insurance companies?

Everyone’s got the same problem: STR oversaturationPrices are high in most markets and if/when you do buy, your competition is fierce thus pushing down nightly rates and occupancy rates in almost every worthwhile marketGood luck fixing that!