A great lender can help you strategize and get much better ROI. 

Based on the questions you are asking I think you need to spend more time listening to podcasts like Bigger Pockets and Bigger Pockets Rookie.

If you want a ballpark answer, you'll need to give a lot more details.

If they don’t, that’s a red flag, and I’d be out of there.Hope that helps! 

I will say, short term rentals require a bit more work, and if you are moving out of state, you may want to take a look into getting a property manager ( take that cost into account when running the numbers ).I hope that helps, reach out if you have any more questions. 

You should reach out to @Melissa Haworth she can get the actual numbers/rents on STRs in the area to help run your comps.Each building is different, each area is different, it is important to find accurate data to make good decisions.

Troy helped me identify properties with strong short-term rental potential, and when we found this home in Palm Harbor, we moved quickly to make a competitive offer.

If we see any reduction in interest rates in the near future, we expect the market to become even more active, which would only amplify the already noticeable shift.Jan 1, 2020 to Jan 31, 2025 Mortgage RatesIn summary, while we are still navigating some uncertainties with higher rates, the outlook for the Las Vegas real estate market in 2025 is promising.

The substitute of collateral was more of a scenario where you sold for $155K, and instead of paying off the $88K loan in your scenario, those funds stayed at the title company and were used on a cash purchase happening nearby in date. 

I wish there were more stories like yours out there.