On the flip side, saving for another property could delay financial stability if unexpected costs arise.A Balanced ApproachIf you’re still torn, consider a hybrid strategy:-Focus on maximizing your current STR’s performance.

However what happens when the tenant vacates and now the unit has to be turned over/takes a few months to find a new tenant and during that same period of time the sewer line goes and you get hit with that $15,000 cap ex expense in addition to the vacancy and turn over costs.

Feedback has not suggested property needs additional repairs/work, only that they are looking in a different area.

In addition, suncoast will charge you a 1 month rent just to get the property filled, so you are already starting off massively underwater.

Would love any additional info and the chance to check it out! 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

If you have any additional advice please let me know!

NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option

Be sure you are comfortable with the math and know exactly how much you should be getting depending on how the property performs at different levels.  

Does anyone know of a calculator where I can plug in the additional yearly pay down along with the appreciation rate of my area?