It could be a nice opportunity however I would be certain they will want you to make up the difference between $250,000 and whatever is left on the mortgage which btw in my opinion should be done with lender's knowledge and approval. 

@Tom Dieringer After purchasing my first property in 2024, I acquired most of my short-term rental (STR) knowledge from The Short Term Shop, which included maintaining respectful communication with guests, keeping calendar availability up-to-date, and ensuring high-quality listings.When I initially began May of 2024, I opted to list my property exclusively on a single Online Travel Agency (OTA) - Vrbo.

I bring to the table my full expertise in project management, construction, and deal sourcing, along with the knowledge I’ve gained working tirelessly in this industry over the past 3 years.My vision is to dedicate the next 10-15 years to real estate development, growing projects that generate significant returns while delivering exceptional results.If you’re interested in learning more, I’d love to discuss how we can collaborate.

Instead, you’re attacking a strawman and questioning the knowledge/character of others.

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.

The real estate agents who are knowledgeable and doing a lot of deals each month will be the ones who can get you these accurate numbers.

I've also met him in person and I found him to be knowledgeable and genuine.

Be so amazing with your depth of knowledge that people want to work with you instead of you having to convince them you are worth giving business to.      

I would be happy to share my experience in knowledge in this area (MA and RI) as I continue to look to build my portfolio. 

Your insider’s knowledge of the TK industry is super intriguing.